A raft of further appointments were also made at the ACA's recent AGM, including LCP partner Steven Taylor as honorary secretary and Isio partner and head of London Stewart Hastie as honorary treasurer.
In memos detailing the rationale behind the recommendations to terminate the managers, staff said AQR, Causeway and QMA's strategies have underperformed their benchmarks and peers in the one-, three- and five-year periods.
Mr Walker will also manage the Perpetual Income and Growth Investment Trust, although the trust’s board served Invesco its notice of termination in April following an extended period of underperformance while Mr Barnett was at the helm.
His experience across capital modelling and reserving, both at a regulator and in-house, enables him to understand the needs of his clients and work with them to develop tailor-made solutions that meet regulatory requirements.
Aside from the Aspire Savings Trust, there are 37 other authorized master trusts operating in the U.K. market, according to The Pensions Regulator's website.
"We are sure with his able leadership, the EPF will reach new levels of excellence and customer service for our members," he says in the statement.
Prior to his work with TPR, the qualified solicitor began his career at a private practice and then joined the Civil Service, holding senior positions in policy, financial management, risk and programme delivery.
Rachel Elwell, CEO at Border to Coast, says: “We were established by our Partner Funds with a clear vision and purpose and I am delighted at the high calibre of talent joining Border to Coast to support us deliver on them.