United Nations recruiting new CEO for $43.4bn pension fund

The United Nations has advertised a vacancy for a new Chief Executive Officer for the $43.4bn (€32.3bn) UN Joint Staff Pension Fund.

The New York-based role comes with a five-year fixed term contract and the deadline for applications is December 16. It is expected that the successful candidate will start in the role on January 1 2013.

The UN requires a candidate with “at least 15 years in the exercise of responsibility in executive or managerial positions of a national or international pension fund or social security system” or comparable professional experience.

The CEO also serves as Secretary of the Pension Board. The current incumbent is Bernard Cochemé.The Pension Fund, which is a signatory to the UN Principles for Responsible Investment, provides benefits to participants and beneficiaries in 190 countries in 15 different currencies.

The CEO role involves establishing policy and overseeing the fund’s operations and managing its staff of over 200 and represents the Pension Board at meetings of the UN General Assembly. The CEO is also responsible for providing a range of administrative functions to ensure the smooth functioning of the Investment Management Division. The role attracts a salary, net of tax, of $200,729.

The UNJSPF was set up by the General Assembly in 1949; it now serves 23 member organizations, with 121,138 active participants and 63,830 beneficiaries.