Railpen, which runs the £35 billion railways pension schemes, has welcomed Ellen Watson-Hicks as its first Chief Risk & Compliance Officer.

Ellen has a wealth of experience as a qualified accountant with over 20 years working in financial services. She joined Railpen from the Universities Superannuation Scheme (USS), where she was Head of Enterprise Risk. Before that, she held various roles in TP ICAP, Tullett Prebon, Nomura International PLC and Aviva.

This Executive Committee appointment comes as Railpen establishes its new Risk function.

Ellen said: “I am delighted to be joining Railpen in the newly-established role of Chief Risk & Compliance Officer. Some excellent work has been done to create a robust risk management framework, which I look forward to helping Railpen embed throughout the business.”

John Chilman, Chief Executive, said: “Ellen’s appointment is an important part of our commitment to identifying and managing risk in a complex environment. We are very pleased to be welcoming her to the business, with the knowledge that her extensive experience will be crucial in helping us to deliver on our purpose, to secure our members’ future.”