Michelle Ostermann has resigned from her role as managing director of investments at RPMI Railpen.

Ostermann took the “personal decision” in late December and stood down from the position on 1 January 2021. She will remain employed by RPMI until 31 May 2021.

Her responsibilities as managing director will be managed on an interim basis by the Investment Executive Committee, reporting directly to CEO, John Chilman.

Commenting on her departure, Chilman said: “We wish to thank Michelle for the valuable contribution she has made over the past two years. Having joined us as our first chief fiduciary officer in January 2019, she brought together a number of teams while overseeing the development of our fiduciary strategy.
 
“More recently as managing director, investments at RPMI, Michelle built a high-quality leadership team with a clear vision and strategy that will continue to successfully invest on behalf of our members. We wish her the very best in her future career.”
 
The firm stated that it will provide an update on its permanent succession plan in due course.

RPMI and RPMI Railpen run the railways pension schemes on behalf of their parent, the Railways Pension Trustee Company Limited.

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