Lothian Pension Fund appoints new CIO


5 Sep 2023

Scottish LGPS hires Emmanuel Bocquet to replace the retiring Bruce Miller.

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Scottish LGPS hires Emmanuel Bocquet to replace the retiring Bruce Miller.

The second largest local government pension scheme (LGPS) in Scotland, the Lothian Pension Fund (LPF), has recruited a new chief investment officer (CIO).

Emmanuel Bocquet becomes LPF’s CIO from November. He succeeds Bruce Miller, who, earlier this year, announced his decision to retire. Miller will remain at the scheme until the end of January to support the transition.

Bocquet joins from TPT Retirement Solutions, a pension fund consolidator, where he has spent the past seven years as deputy CIO. In this role he managed multiple schemes across strategic portfolio construction and investment manager selection for all asset classes.

Prior to TPT, Bocquet spent more than 10 years at the in-house investment management arm of the National Grid’s UK pension scheme, latterly as head of alternative investments.

Bocquet began his career in 1994 at Credit Lyonnais Securities, where his responsibilities included interest rate derivatives trading, moving on to similar roles at ANZ Investment Bank and then HypoVereinsBank.

Prior to joining the National Grid UK pension scheme, Bocquet worked at Gulf International Bank where he was responsible for managing a systematic investment programme.

David Vallery, LPF’s chief executive, said: “Emmanuel has a strong CV of proven success in the financial sector and I’m confident that his experience and knowledge will benefit LPF and further enrich the great work we’re doing for our members, employers and partner funds.”

Bocquet added: “Lothian Pension Fund is unique within the Scottish LGPS sector in operating an FCA-regulated investment arm. It’s well known in the industry for its commitment to sustainably growing its pension fund through good stewardship of its assets.”

Bocquet holds a masters in engineering from École Centrale Paris and graduated from the Institut d’Etudes Politiques de Paris. He is also a CFA charterholder.


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