Alan Rubenstein, chief executive of the UK’s Pension Protection Fund, has joined the supervisory board of Robeco, according to the Dutch asset manager.

Rubenstein, who joined the lifeboat scheme in 2009 after two years as head of Lehman Brothers’ Pensions Advisory Group, will chair Robeco’s investment committee and also sit on its audit and risk committee while retaining his role at the PPF.

He has previously worked at Scottish Widows, BZW Asset Management and Lucas Varity Fund Management.

He spent eight years at Morgan Stanley, working as its European head of pensions, before departing for Lehman Brothers two years before the bank collapsed.

He was then hired in 2009 to replace Partha Dasgupta, the PPF’s second chief executive, but prior to his appointment also acted as vice-chairman of the National Association of Pension Funds, chairing the association’s investment council.

In his time at the PPF, Rubenstein has put in place a plan for the lifeboat fund to be self-sufficient by 2030, worked with the NAPF to launch the Pensions Infrastructure Platform and is currently working on a new pensions insolvency model, replacing the current one based on Dun and Bradstreet scores.

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