The Border to Coast Pensions Partnership (BCPP) has appointed Fiona Miller as its first chief operating officer (COO), as well as two non-executive directors.
She will join in January 2018 from Cumbria County Council where she manages its £2.5bn local government pension scheme.
Reporting to chief executive Rachel Elwell who was appointed in September, Miller's responsibilities will include financial strategy, as well as oversight of middle and back office for the new money manager.
Elwell and and Miller will build a team of around 70 investment and support staff based in a Leeds city centre office, and seek Financial Conduct Authority (FCA) registration.
It is anticipated that BCPP will be ready to start managing money in 2018 on behalf of twelve local authorities, with assets totalling £43bn.
Miller said: "I am pleased to have been given the opportunity to continue to take a leading role in the next phase of the journey that I started with our partner funds over two years ago, which was to create a long-term investment driven pool, working solely for the benefit our members, sponsoring employers and tax-payers."
Elwell added: "Fiona has been a major driver of the progress BCPP has made to date and I am delighted to welcome her on board."
BCPP has also appointed Enid Rowlands and Tanya Castell as non-executive directors.
Rowlands has a background in change management, organisational transition and development. In recent years she has specialised in governance in the public and not for profit sectors, including four years as a trustee member of the National Employment Savings Trust.
Castell has a portfolio of non-executive director roles including positions on the boards of Faster Payments Scheme and Scottish Canals. She chairs the Quality Assurance Scheme for the Institute and Faculty of Actuaries and has twice been a pension trustee.
BCPP chairman Chris Hitchen added: "In Rachel, Fiona, Enid and Tanya, I now have highly talented board colleagues with diverse and complementary skills. We have a lot of work to do to build Border to Coast into an investing institution which succeeds for the long term, but this is a great place to start."
BCPP will invest the assets of the local pension funds for Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, Northumberland, North Yorkshire, Surrey, South Yorkshire, Teesside, Tyne and Wear and Warwickshire.
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.