UK - Brian Bailey, director of pensions at the £7.7bn ($12bn) West Midlands Pension Fund, has announced his retirement after 40 years' service with Wolverhampton City Council.
Bailey - who will leave the city council on 31 March next year - was first appointed as a trainee accountant in August 1972 after obtaining a degree from Birmingham University and occupied various accounting positions after qualifying as an accountant in 1976.
He was appointed assistant director of housing in November 1982 and deputy director of finance in June 1987 before taking up the post of director of finance in September 1988.
Bailey managed a range of services with the council until April 2008 when a restructure led to his appointment as director of pensions.
He has held a number of positions as part of his role for the pension fund including an audit committee member of two private equity funds, honorary treasurer for the Local Authorities Pension Fund Forum and a trustee position at the Birmingham International Airport Limited Pension Scheme.
Bailey said: "I have enjoyed my time with the city council and will leave with lots of good memories. In giving a long notice period, I hope to ensure there is a smooth transfer to my successor and I can see through to completion a number of pieces of work."
Wolverhampton City Council chief executive Simon Warren said: "Brian has enjoyed a long career at the council and has served the public with distinction in key senior roles. I wish him all the very best for a happy retirement."
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