LGPS Central Ltd has today announced that Mike Weston has been appointed as CEO.
Mike stepped down as CEO of the Pensions Infrastructure Platform in January 2019. He was previously CIO of the Daily Mail and General Trust pension funds and a Director at Hermes Investment Management. He is also a trustee of the Institute of Cancer Research pension scheme.
Announcing the appointment Joanne Segars, Chair of LGPS Central Ltd, said: “I am delighted that Mike is joining the Company as CEO. He brings a wealth of understanding of investment management, occupational pension schemes and the LGPS. He joins at an exciting time for the Company as our assets under management grow and will make a great contribution to developing the Pool alongside our Partner Funds. I look forward to working with him.”
Mike Weston said: “I am delighted to be joining LGPS Central Ltd. Pooling provides an important route to deliver investment efficiencies and opportunities to Partner Funds. Much progress has already been made, but there is more to do. I am looking forward to working with Partner Funds and the excellent team at LGPS Central Ltd to secure these opportunities for the benefit of Partner Funds and LGPS scheme members and employers.”
Mike Weston will start on 7 March. He will also join the Boards of the Company. His appointment is subject to FCA approval.
Welcoming the appointment Councillor Adrian Hardman, Chair of the LGPS Central Shareholder Forum, said: “I am pleased to welcome Mike to LGPS Central Ltd and look forward to working with him to deepen the partnership between the Company and Partner Funds that will be critical to our on-going success.”
Councillor Ian Brookfield, Chair of the LGPS Central Joint Committee, added: “Mike’s experience in pensions and investment management will deliver real benefits to Partner Funds with a focus on long-term performance and value for money.”
LGPS Central Ltd has also announced that John Burns will be promoted to become the Company’s Deputy Chief Executive Officer. He will continue in his role as Chief Operations and Financial Officer. This will further strengthen the leadership of the Company for the benefit of Partner Funds.
John Burns said: “I am pleased to take up the role of Deputy CEO and look forward to working with Mike, colleagues across the Company and Partner Funds to ensure LGPS Central Ltd can maximise the enormous opportunities ahead. Over the past two years the Company has achieved much, and I look forward to contributing further to our success.”