Nest has appointed Wells Fargo Asset Management (WFAM) to manage a segregated, global corporate bond mandate.

WFAM will begin to invest on behalf of Nest and its 8 million members, with the scheme hoping to invest around £500m into global bonds over the course of the next 12 months. Nest is aiming to expand into the corporate bond market to “take advantage of the favourable and stable returns” offered.

The Secretary of State for Justice has reappointed Russell Angius to the Judicial Pension Board (JPB).

Angius has been hired for a further two years, until 9 October 2021. Currently a partner at Aon, he has been advising pension scheme for more than 23 years. JPB was set up to act as the scheme management board and the Judicial Pension Scheme Advisory Board was also created to look at scheme policy and make recommendations as to the suitability of any potential changes to the scheme.

The Institutional Investors Group (IIGCC) has named five new board members to coincide with its AGM.

It has hired NN Group chief investment officer, Jelle van der Giessen, DWS head of responsible investments and head of global client group for Ireland, Scandinavia and UK Roelfien Kuijpers, MN director for responsible investment and member of management fiduciary advice, Karlijn van Lierop, Allianz Investment Management SE global head of risk and monitoring, Dr Udo Riese and Impax Asset Management founder and chief executive, Ian Simm.

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