The Pension Protection Fund has appointed Purna Bhudia as its head of credit.

Bhudia will be responsible for delivering the fund’s public and private marketing strategies, while designing and delivering PPF’s credit target operating model, in order to ensure the “continued resilient performance” of its investment portfolio.

Previously, Bhudia was senior credit analyst at Legal and General Investment Management. She has also held positions as a senior credit fund manager at Friends Life Asset Management, as well as being a senior credit manager at Liverpool Victoria Asset Management.

The appointment is part of the PPF’s drive, set out in 2016, to insource part of its investment management activities, as one of Europe’s largest institutional investors.

PPF chief investment officer, Barry Kenneth, said: “Purna Bhudia brings a wealth of experience and expertise, and will play a vital role as we continue to grow and evolve our investment function. Attracting professionals of Purna Bhudia’s calibre to join our award-winning team is an endorsement of where we are going.”

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