Publica, Switzerland’s largest pension fund, has appointed Doris Bianchi as its new director, effective 1 November. She succeeds Dieter Stohler, who will leave the scheme on 30 September.Bianchi, who holds a doctorate in law, is currently personal adviser to Alain Berset, head of the Federal Department of Home Affairs (FDHA). The department oversees mainly OASI (state pension) and health services matters.In her current role, Bianchi supports the head of the FDHA especially on issues relating to health policy and statistics.Prior to joining the Home Affairs Department, Bianchi was the executive secretary of the Swiss Trade Union Federation (SGB), where she was responsible for social security issues since 2011. She is an expert in the Swiss second pillar pension system, the occupational pensions, or zweite Säule. She chaired the board of the replacement occupational pension scheme Stiftung Auffangeinrichtung BVG, or Fondation Institution Suppletive LPP , and the security fund.The Kassenkommission, the highest institution at Publica with supervisory authority over the management team, is convinced that Bianchi is the right pick for the success of the pension fund, it said in a statement.Publica is an independent pension institution operating under public-law fund managing the assets of 20 Swiss public pension schemes – 13 of which are open and seven closed – which comes close to CHF41bn (€38bn) as of December 31, 2019. IIn a previous interview with IPE, the head of asset management at Publica, Stefan Beiner, said the fund was working on three timeframes depicting different scenarios to navigate the COVID-19 crisis.Looking for IPE’s latest magazine? Read the digital edition here.
Harrington, who won this tournament 10 years ago, carded a second-round 66 which took him to seven under par overall, one shot ahead of American Patrick Reed. The second round was completed on Saturday, after bad weather and light had forced an early end on Friday, but the day’s play was then ended 50 minutes into the third round due to lightning in the area as well as heavy wind and rain. When play does get back under way on Sunday, Harrington will be hoping to keep the momentum going. He has not been victorious on the PGA or European Tour since winning the last of his third majors – the US PGA Championship – in 2008, after which he decided to re-model his swing. The Irishman is now 297th in the world but was as low as 371 last year before he won on the Asian Tour’s Bank BRI Indonesia Open in December to give himself a boost. “I think I’m in a good place that I can deliver more performances like this,” he said on the PGA Tour website. “I feel like there’s good days ahead, so, you know, I’m not thinking, ‘Oh, I’ve got to do it and it will be a long time before it comes around again.’ I feel I’m in a good place with my game and I feel I give myself plenty of opportunities like this going forward.” Harrington, who has missed four cuts in his last five PGA Tour matches, ended his round with bogeys at his final two holes but is still ahead of Reed, who shot a 67 on Friday. England’s Ian Poulter put himself firmly in contention with a round of 64, which included an eagle, five birdies and just the one bogey, moving him up to joint third alongside Brendan Steele. Poulter’s compatriot Luke Donald is one shot further back, while Russell Knox of Scotland is on three under overall. Rory McIlroy’s early exit was confirmed, with the world number one missing the cut by three shots after his seven over par score. Three-time major winner Padraig Harrington took the halfway lead at the Honda Classic, which will be completed on Monday after the weather caused more delays at PGA National. Press Association