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PPF chief to leave next summer

Pension Protection Fund chief executive Partha Dasgupta is to stand down in June 2009.

Dasgupta says he is leaving to find a new challenge but will look back with “enormous pride and satisfaction” at what the PPF has so far achieved.

He says: “It has been a great privilege to lead this organisation with its exceptionally talented and committed people. It has also been a privilege to have helped shape the pension protection regime that is now delivering real security in ret-irement for 12 million pension scheme members.

“The PPF has been an excellent platform for me to test myself. I feel that after four and a half years the time is right for me to broaden my skills, knowledge and experience through a new challenge.”

PPF chairman Lawrence Churchill says: “Partha has made an outstanding contribution to establishing and developing the Pension Protection Fund to the strong position it commands today.

“It has been a great pleasure to work with such a talented individual with a grasp of a wide variety of complex issues.”

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