Councillor Brenda Warrington has been appointed to lead the £23bn Greater Manchester Pension Fund (GMPF), following the recent passing away of Kieran Quinn.
According to an announcement on the local government fund's website, she was confirmed as chairwoman at an extraordinary meeting of the Tameside Council on 31 January.
Warrington also becomes executive leader of the council, a role that the late councillor Quinn held for seven years alongside chairing the GMPF.
Her appointment comes as the UK marks 100 years since women first gained the right to vote in 1918.
She said in a statement: "I'm quite excited about the prospect though I'm not here because I'm a woman - I'm a person who was elected to do the job and I happen to be a woman. I hope that more and more women are able to achieve senior positions and top jobs.
"I'm not afraid of hard work and to tackle the difficult issues and I care about people, particularly those who are more vulnerable."
Warrington is keen to continue Quinn's legacy while implementing her own ideas.
"It's tinged with sadness," she said. "Nobody would have ever anticipated such a tragic and sudden death. But the world continues and we have to go ahead with the business of electing a new leader and chair.
"Kieran was an absolutely superb leader and chair. He had lots of energy and good ideas, was innovative, passionate and a hard worker. He didn't expect anyone to do something he wasn't prepared to do himself and I admired that in him."
Under his leadership, the GMPF achieved record growth and is now the biggest UK fund in the £217bn Local Government Pension Scheme.
"He led the way on the national debate about pension fund pooling and using investment to drive growth," added Warrington. "I believe he would expect us to follow his example and continue his good work and do the very best for the people of Tameside and the members of the GMPF."
Quinn sadly passed away on Christmas Day following a fall caused by a heart attack while delivering cards to constituents.
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