Mike Taylor has stepped down from the position of chief executive of the London Pensions Fund Authority (LPFA).
He joined the LPFA in October 2006 and the organisation said he had been considering the timing of his retirement for the last year.
The LPFA said it had agreed that now was the most appropriate time to retire, after Taylor (pictured) had led the business through a period of significant change.
Deputy chief executive Susan Martin will now assume the role of interim chief executive until a successor is appointed later in the year.
Martin has more than 20 years' experience in partnership working, mergers and acquisitions, operational change and pensions in a range of public and private sector organisations.
She has worked at the LPFA since 2007, taking the role of deputy chief executive in 2011.
LPFA chariman Edi Truell said Taylor had not taken the decision lightly, but he believed the time was right to hand over the reins to the next generation.
He said: "Our submission to the minister's call for evidence on the future of the LGPS is almost completed, giving us time to put in place a new chief executive ahead of what will be an extremely exciting and challenging period for the LPFA. I would like to thank Mike for his contribution to the LPFA and the wider Local Government Pension Scheme."
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