The Brunel Pension Partnership has formed an investment company to manage £27.5bn of local government pension scheme (LGPS) assets.
The partnership, which was established on 18 July, will coordinate investments for the Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, and Wiltshire funds' assets
This formation of the partnership's investment company comes ahead of the pooling deadline next April.
The pool is headed by independent chairwoman Denise Le Gal, who was appointed to the role in April, and three-non executive directors - Steve Tyson, Frederique Pierre-Pierre, and Mike Clark.
The establishment of BPP marks the start of the formal consolidation of assets ahead of the April deadline, with the pool expected to announce its administrator and custodian as well as sign a lease for offices in Bristol shortly.
Le Gal said: "This is a key milestone in the long term development of the BPP. The formation of the company and the recruitment of the key personnel marks the start of the final stage in the BPP funds' journey to pooling assets.
"We look forward to working together as one team to build a better future for our clients."
The BPP has also appointed a number of people to its executive board, including current interim managing director Dawn Turner as chief executive officer, and Laura Chappell as chief compliance and risk officer.
Mark Mansley has been named chief investment officer, while Joe Webster is now chief operations officer.
Dorset Pension Fund chairman and Bournemouth Council leader John Beesley, who also chairs the BPP funds' shadow oversight board, added that he welcomed the quality of the board.
"The BPP has now reached an exciting stage and the oversight board is very pleased with the quality of personnel that have been recruited," he said. "I look forward to working with the company over the coming months and years to ensure the BPP is successful in achieving its objectives for its scheme members."
All 89 LPGSs are required to pool their assets from April next year, with eight distinct pools expected to form.
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