The Northern LGPS asset pool has launched recruitment for its first senior leadership team as it develops into a standalone pooled investment organisation.
Making up this team will be a chair, chief executive, chief investment officer, and chief risk officer, with the pool also recruiting for non-executive directors.
Paul Battye, chief executive officer at recruitment specialist Hoffman Reed and lead partner on the Northern LGPS project, said: “As the organisation transitions to a standalone entity, appointing a high-quality senior leadership team is essential to establishing the right governance, culture and operating model for the long term.
“These roles offer a rare opportunity to help shape one of the UK’s largest public sector investment organisations at the point of its formation, working closely with partner funds to deliver strong outcomes for members over decades.”
In a press release, Hoffman Reed said the successful candidates would “play a key role in shaping the long-term direction of Northern LGPS, embedding strong public-sector values, robust governance and a culture focused on delivering long-term investment outcomes for partner funds and scheme members”.
The Northern LGPS pool is formed by the West Yorkshire, Greater Manchester, and Merseyside local authority pension schemes. The funds have been collaborating through the pool for almost a decade, but the recruitment reflects new governance requirements introduced through the government’s ‘Fit for the Future’ LGPS consultation.
The pool’s three members have combined assets of £63bn, according to data from PensionsPerformance.com.
