The Value Perspective The Value Perspective with Mark Walker
Welcome to a milestone episode for the Value Perspective podcast, marking our 100th episode. To help us celebrate, we’re delighted to be joined by Mark Walker for the latest instalment in our Allocator’s Edge mini-series, where we talk with some of the world’s top capital allocators. Mark is the CIO of Coal Pension Trustees Services (CPT), responsible for the £22bn of investments of the Mineworkers Pension Scheme and the British Coal Staff Superannuation Scheme. Prior to joining CPT, Mark was Managing Director and Global Chief Investment Officer of the Univest Company, Unilever’s internal investment group. The Univest Company oversees the investments of Unilever’s pension plans in over 40 countries. Mark joined Unilever from Mercer where he was a Partner and head of the London Investment Consulting Unit. In his busy schedule, Mark somehow finds time to act as an adviser to Arkadiko Partners and is a non-executive director at People’s Investment. He is also a member of the 300 Club and a Fellow of the Institute of Actuaries. Mark joined us to discuss: his career so far; the history of CPT; the difference between working as a consultant and being the CIO of a large pension plan; the differing structures of CPT and Unilever’s pension plans; how he measures an investment’s performance; the importance of communication with shareholders; the difference in asset allocation between a text book and the real world; his views on climate change and the energy transition; and finally, his thoughts on Active vs Passive. Enjoy!
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