LGPS Central, the local authority pool for nine Midlands-based local government pension schemes, has announced that its CEO Andrew Warwick-Thompson is set to step down.
Having been CEO of the £40bn local authority pool for the past 14 months, Warwick-Thompson intends to leave the organisation in Spring next year.
Having received FCA authorisation in January this year, the pool officially opened business in April with the launch of three pooled funds, a passive global equity fund excluding the UK, a UK passive fund and a Global Dividend Growth Factor Equity fund collectively covering £12bn in assets.
Joanne Segars, chair of LGPS Central comments on his decision: “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.”
LGPS Central covers the combined assets of Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund, Shropshire Pension Fund, Staffordshire Pension Fund, West Midlands Pension Fund, West Midlands Integrated Transport Authority Pension Fund, and Worcestershire Pension Fund.
