UK - The £20bn Universities Superannuation Scheme is looking to appoint a director to succeed retiring deputy chairman Colin Donald.
The scheme’s management committee will meet in June to determine a successor to Donald, who will leave the scheme on July 1. The new director will take up the position immediately after Donald’s departure.
The appointment initially will be for a three-year period but could be extended for a further two terms depending on the board’s approval.
The USS said prospective candidates would need to assure its nomination committee that they would have the time to consider USS papers and attend meetings. USS meetings are likely to take up between six and 14 days per annum, depending on the director’s membership of USS committees.
USS added that prospective candidates should be independent of both participating employer and employee groups. Members of a governing body of a USS institution or a member, deferred members or pensioners of USS will not be considered.
Other requirements include candidates being able to demonstrate “substantial” knowledge and experience of IT issues, employment law, financial markets and scheme administration.
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