Mark Dunne and Mona Dohle
A public sector pension pool for 12 local authorities has appointed a chief investment officer, portfolio institutional can reveal.
Border to Coast Pensions Partnership’s chief executive, Rachel Elwell, confirmed the appointment, but not the identity of the person who will be in charge of the £43bn assets that it had at the end of March last year.
The delay is due to the pool securing regulatory approval for the appointment, which Elwell believes could be within the next month.
Border to Coast’s more than 30 person strong investment team is currently led by John Harrison, who took on the role of chief investment officer on an interim basis in January.
The new CIO will step into Harisson’s shoes in setting up the pool’s investment function and overseeing the transition of assets from the 12 partner LGPS funds, a process which the pool aims to complete in the next two years.
