Joanne Segars, Chair of LGPS Central Limited said:
“After 14 months as CEO of LGPS Central Ltd, I am sorry to report that Andrew has decided to step down from his role as CEO of the Company. The current intention is that he will leave the organisation by the Spring of 2019. Andrew has done a great job in building LGPS Central Limited and successfully steering the Company through its start-up, regulatory authorisation and launch earlier this year. His contribution means that today the Company is a fully functioning fund manager responsible for the management and stewardship of nearly £14bn of LGPS assets. In addition, he has recruited a talented team of professionals to the Company’s senior leadership team. As the Company now enters its post-launch, business as usual, phase, Andrew feels the time is right for someone else to take the helm. Andrew has agreed to carry on in his current role over the coming months while the Board conducts the search for his successor.
“Andrew will leave with our best wishes for the future.”