Committee Member Profile

Mr. Hugh Smart Hugh Smart

Chief Investment Officer, British Steel Pension Fund

Hugh joined the British Steel Pension Fund in 2005 and as CIO has overall responsibility for the management of the Scheme’s investment portfolio (peaking at £15.6bn), reporting directly to the Scheme Chairman. He has over thirty years’ experience in financial services, having previously headed Swiss Re’s UK asset management operation, prior to which he held senior treasury roles in global reinsurance, investment banking and technology companies. He sits on the advisory committees for a number of the Scheme’s very limited outsourced investments and the Pension Fund Investment Forum. He is also an independent advisor to the Pilkington Superannuation Scheme and the Akzo Nobel (CPS) Pension Scheme and is a Trustee Director of The City & Guilds (1966) Pension Scheme.

Hugh is a member of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Corporate Treasurers where he has served as a member of the Education Committee. He is a member of the CFA Society of the UK and an alumnus of London Business School. He holds a degree in Mathematical Statistics & Operational Research from Exeter University where he was sponsored by British Steel.

Hugh was joint winner of the Chief Investment Officer of the Year 2019 at the Institutional Investor European Peer-to-Peer Awards and awarded Chief Investment Officer of the Year 2018 at the Institutional Investor Institute UK & Ireland Peer-to-Peer Awards.

British Steel Pension Fund was awarded the following by IPE (Investment & Pensions Europe):

2016 Joint Best Long Term Investment Strategy
Best In-House Investment Team

2015 Best European Pension Fund
Best In-House Investment Team
Best UK Pension Fund

2014 Best In-House Investment Team
Best UK Pension Fund

2013 Best Long Term Investment Strategy

2012 Best In-House Investment Team

2011 Joint Best In-House Investment Team/
Best Pension Fund Owned Asset Manager

2008 Best European Corporate Pension Fund
Best UK Pension Fund