The local authority pool for nine central midlands funds has appointed Duncan Sandford, Mike Hardwick, Omar Ghafur and Michael Marshall as investment directors.
It comes as LGPS Central was given the green light by the Financial Conduct Authority (FCA) last week to operate as an alternative investment fund manager.
Sandford will become interim deputy chief investment officer (CIO), and was previously chief executive officer and CIO at Nestlé Capital Management for four years, until he stepped down in May last year.
Meanwhile, Hardwick has been appointed as investment director for infrastructure and property, and Marshall is now director for responsible investment and engagement.
Both currently work at the West Midlands Pension Fund (WMPF), where Hardwick is responsible for its investments in alternatives and fixed interest, and Marshall is the pension funds' responsible investment officer.
Ghafur, who was most recently on the board of directors and a senior investment manager with the private investments arm of a Charitable Trust, will become investment director for private equity at LGPS Central.
The four join investment director for passive equities David Evans who was appointed in December.
LGPS Central's CIO Jason Fletcher welcomed them and said:
"Our investment committee will drive our product and investment services development as well as defining robust and repeatable investment processes.
"Our partner funds expect LGPS Central to be an exemplar for responsible investment and engagement, and Michael's track record in thought leadership in this area is exceptional.
"He will support the investment directors to embed our policy on responsibility at the heart of our investment process, and across all asset classes.
"These appointments are critical to the pool's delivery of the risk adjusted return after costs that our partner funds require to meet their future commitments."
One of eight structures being established across the £217bn local government pension scheme to deliver cost savings and efficiencies, LGPS Central is the third known pool to have received regulatory approval to operate an authorised contractual scheme. Under the government's plans, all eight pools must be set up by 1 April.
The nine pension funds in LGPS Central collectively hold around £40bn in assets under management. These include Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands, and Worcestershire, which all hold an equal share of the pool. The West Midlands Integrated Transport Authority Pension Fund is also an investor but is not a shareholder of the pool.
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