LGPS Central has appointed Mike Weston as its new chief executive. Weston will start in this new role on March 7, subject to FCA approval.
LGPS Central has also announced that John Burns will be promoted to deputy chief executive. He will also continue in his current role as chief operations and financial officer.
LGPS is a £45bn asset pool for nine Midlands-based local government pension schemes.
Weston was previously chief executive of the Pensions Infrastructure Platform, a role he stepped down from in January 2019. He has also been the chief investment officer at the Daily Mail and General Trust pension fund and a director at Hermes Investment Management.
Chair of the LGPS Joanne Segars welcomed him to the new role. She says: “[Weston] brings a wealth of understanding of investment management, occupational pension schemes and the LGPS.”
Weston adds: “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 [the] partner funds and the excellent team at LGPS Central to secure these opportunities for the benefit scheme members and employers.”