Travers Smith LLP has advised the Trustees of BAE Systems Pensions Schemes on the outsourcing of the investment management of approximately £23bn of pension scheme assets to Goldman Sachs Asset Management (GSAM). The appointment of GSAM as its Outsourced Chief Investment Officer (OCIO) is the largest OCIO appointment in the UK to date.
The Travers Smith team on this transaction was led by Pensions partner Susie Daykin, working alongside Head of Financial Services and Markets Tim Lewis, partner Samuel Brewer and Head of Derivatives and Structured Products Jonathan Gilmour, and included lawyers from the Pensions, Financial Services and Markets, Derivatives and Structured Products, Funds and Employment teams.
