By IPE Staff2021-02-25T16:23:00+00:00
Doug Heron, CEO of Lothian Pension Fund (LPF), will be leaving the fund to take up a similar role overseas later in the year, the pension fund announced today.
He will remain in place until the summer, with the pension fund board to begin an external recruitment exercise to find his successor. The fund did not reply to a request from IPE inquiring about Heron’s next move.
Stephen Moir, executive head of resources at City of Edinburgh Council and scheme chair, said that “despite the challenges of the pandemic” Heron “led the fund well through a period of significant and positive change, including the development of the digital strategy, the expansion of investment services offered to other LGPS funds” and an improved funding level.
Lothian Pension Fund to lose CEO this year
Doug Heron
Doug Heron resigned as CEO of Lothian Pension Fund, Edinburgh, and will leave later this year, a spokeswoman confirmed.
Mr. Heron will take up a similar role overseas, a news release said Thursday. Mr. Heron, who has been CEO since February 2019, could not be reached for comment about his next appointment.
The £8 billion ($11.2 billion) pension fund is searching for a new CEO externally. Mr. Heron will remain at Lothian until the summer to support the transition to the new CEO. Doug was appointed to LPF in February 2019 and, despite the challenges of the pandemic, he has led the fund well through a period of significant and positive change, Stephen Moir, executive head of resources at City of Edinburgh Council and chairman of the company that employs the fund s staff, LPFE, said in a news release.
2 U.K. pension execs take on ESG investing in new podcast
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Want to know what pension fund executives really think about developments in responsible investment? Now you can find out, thanks to a new podcast launched by two U.K. executives who focus on the topic.
David Hickey, portfolio manager at the £8 billion ($11 billion) Lothian Pension Fund, Edinburgh, and Adam Matthews, director of ethics and engagement at the more than £3 billion Church of England Pensions Board, London, hosted their first Talking Responsibly podcast on Feb. 11.
The two are both passionate about the work they do in responsible investment and spend a lot of time discussing the nuance, with one another and others, Mr. Hickey said.
▶ Watch: Investing for the climate emergency and managing climate risk
This webinar asks how collaboration and joined up working has enabled funds and pools to keep on top of RI and climate change issues effectively and efficiently. It assesses how you can prove and quantify climate change policy in your pension fund and the use of engagement.
Speakers discuss how to analyse climate risk, and what the practical experiences of funds and pools are.
This extremely topical webinar is chaired by LGC’s features editor, Martin George and our expert panellists taking part in the debate include:
Ben Yeoh, Senior Portfolio Manager, RBC Global Asset Management (UK) Limited