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The chief executive of the second largest Local Government Pension Scheme fund in Scotland is resigning to take up “a similar role overseas”. Doug Heron ....
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. ....
Sanlam UK backs landmark R3 billion transaction By Sandile Mchunu Share JOHANNESBURG - SANLAM UK, the JSE-listed financial services group s indirectly held subsidiary, indicated yesterday that it would back the £144.62 million (almost R3 billion) deal between James Hay Holdings and investment platform business Nucleus Financial Group. This comes after Nucleus said it had reached an agreement for an allcash offer by James Hay Holdings for an offer of 188 pence per Nucleus share, which represents a premium of roughly 41.89 percent to the closing price per Nucleus share of 132.5p on December 1, 2020, being the last business day before the commencement of the offer period. ....
Nucleus Financial Group PLC agrees takeover from private-equity-backed James Hay proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.