Head of Real Estate Investment, BAE Systems Pension Fund IM

The brief

BAE Systems Pension Fund IM is a highly successful investment management business.  Founded in 1998, they are responsible for the management of a set of pension schemes on behalf of BAE Systems, totalling approximately £22 billion.

A Head of Real Estate Investment was needed for the property element of their funds, currently accounting for £2 billion.  This role forms the centre of property excellence within the business, optimising the growth of its property portfolio, and pioneering future roll-out programmes alongside the key stakeholders: the CIO and the Deputy CIO.

The solution

The role required a highly experienced property professional with a successful track record of making good investment decisions, and with an extensive network of contacts across the sector – in particular off-market.

Candidate mapping & benchmarking, evaluation and thorough referencing were all key components of the executive search recruitment process.

psd efficiently delivered a strong and diverse shortlist of 13 candidates.  9 successfully reached first stage interviews and 3 reached second stage, giving BAPFIM an excellent choice of highly experienced candidates. Within 12 weeks a successful appointment was made.

The results

The candidate has a strong blend of investment focused real estate fund management experience, combined with an excellent industry network.  He is settling in well and proving his undoubted worth.

We were very pleased with the quality of the support that we received from psd on this exercise. The timeliness and attention to detail on key deliverables was excellent, as was the very high quality of candidates screened and presented – all of whom were aligned very well with the job scope. psd responded quickly to the queries and requests we had, they had patience with BAE in-house processes and procedures, and had a constructive approach throughout.

Deputy CIO, BAE Systems Pension Fund IM


Business Sector: Property & Construction