Geoff Henry has stepped down as managing director of MNPA, formerly known as the Merchant Navy Pension Administration, but will remain chief executive of the Merchant Navy Officers Pension Fund (Mnopf).
Henry has held both posts for the last seven years. A management team, comprising two senior executives and 12 pension and investment specialists, will manage the Mnopf. Henry said: "We have achieved our aim to establish MNPA as a quality third-party administrator. It is now time for me to step away and let the new management team take the business forward."
