People Moves

Permal takes on Jeffries


Permal Investment Management Services, has hired Paul Jeffries from Railpen Investments for its institutional team. Jeffries will be responsible for the Permal’s UK institutional business and will report to Roberto Giuffrida, executive vice-president and co-head of global business development.

At Railpen Investments, the UK railways pension scheme, Jeffries managed the $13 billion global equity multi-manager portfolio, investing in both traditional and alternative managers. This role included research, monitoring and selecting new investments.

Giuffrida said: “Paul’s knowledge of the UK pensions market and his experience of managing investments for one of the largest UK pension schemes will certainly enhance