UK - The deputy chairman of the London Pensions Fund Authority (LPFA) has retired from his position after three years. Maurice Stonefrost, former director general of the GLC, was appointed to the board in 1995 and has been deputy chairman since 1998.
The current board was appointed by London's Mayor, Ken Livingstone, on July 1, 2001 for three years. At this time Stonefrost agreed to remain for a short period to assist the new board chairman, Neil Newton.
The Mayor has decided, following consultation with the LPFA chairman not to appoint a new deputy. Two current board members, Bill Roots and Serge Lourie, will deputise for the chairman as required.
A new member, Ray Ambrose, has been appointed and joined the board on January 1, 2002. Ambrose, a current pensioner of the LPFA Fund, is a consultant solicitor at Nabarro Nathanson and specialises in public sector and government law.
By Luke Clancy
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