UK - Susan Timbrell has quit the Environment Agency Pension Fund as head of pensions to take up a similar position at the Transport for London scheme.
Timbrell, who left this week, served at the agency for 12 years.
Howard Pearce, head of environmental finance, will take over the pensions team on an interim basis whilst a permanent replacement is sought.
The fund took another, more embarrassing blow, earlier this month when it was revealed that it had invested £64m in oil firms which have been condemned for environmental damage. A further £19m was also invested in Barclays Bank, which has been slammed for allegedly helping to finance logging in the Indonesian rainforest.
The Environment Agency Pension Fund was valued at £994m at March 31, 2002.
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