The central Local Government Pension Scheme (LGPS) pool has named John Burns as both its chief financial officer (CFO) and chief operating officer (COO).
He joined the £40bn pool on 18 September, completing its board, which also comprises former Pensions and Lifetime Savings Association chief executive Joanne Segars as chair, and The Pensions Regulator's former executive director for regulatory policy Andrew Warwick-Thompson as chief executive.
Burns, who was previously global COO at Baring Asset Management, is responsible for oversight of asset management functions, internal and external suppliers, and the financial management of the company.
He said: "I am delighted to be joining LGPS Central, which provides a huge opportunity to deliver value for money for our partner funds," he said. "A great amount has already been achieved and I am looking forward to working with the board, partner funds, and staff to deliver on this transformational initiative."
Segars added: "The COO and CFO is a critical role for the company and I am delighted that we have secured someone of John's calibre to help build the success of LGPS Central. I look forward to working with John."
The pool comprises the local government funds from Cheshire, Leicestershire, Shropshire, Staffordshire, the West Midlands, Derbyshire, Nottinghamshire, Worcestershire, and the West Midlands Integrated Transport Authority.
Burns left Baring Asset Management at the end of last year after five years as its global COO. Prior to that, he was a manging director and COO at Visor Capital from 2009 to 2011, and head of European risk management at Fidelity International from 2006 to 2009.
He also held a number of roles at Schroders from 1994 to 2006, across various bases in the UK, Japan, Singapore and Hong Kong. He started his career as an audit manager for PwC in 1981.
Burns' appointment also follows that of Eithne McManus and John Nestor as non-executive directors.
LGPS Central is one of eight pools being set up for operation from next April, as the government seeks to drive efficiencies and economies of scale in the local government funds.
The government has confirmed the current interim chairwoman of The Pensions Ombudsman (TPO), Caroline Rookes, will continue the role in a permanent capacity.
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
Six members of Ross Trustees’ pension trustee and support teams have been promoted into new roles.