Andrew Warwick-Thompson is to step down from his role as chief executive of LGPS Central next spring, the £45bn pool has announced.
He leaves the local government pension scheme (LGPS) pool after 14 months, during which time it has received regulatory authorisation and become a full-service asset manager, with management of around £14bn of assets now transferred.
Warwick-Thompson had joined from The Pensions Regulator (TPR), where he had been executive director for regulatory policy from 2013 to 2017.
His stepping down will not impact the future direction of the pool, he said, and everyone at the fund should be "proud" of the work done so far.
He continued: "LGPS Central offers our partner funds an asset pool that they can be confident can bring them the superior risk-adjusted investment returns and cost savings that are their key objectives. In fact, it is doing so already.
"My decision to stand down by next spring is merely an orderly change of driver. The LGPS Central locomotive remains firmly on the tracks and its destination is unchanged."
Chairwoman Joanne Segars added she was sorry to see him go.
"Andrew has done a great job in building LGPS Central and successfully steering the company through its start-up, regulatory authorisation, and launch earlier this year," she said.
"His contribution means that today the company is a fully-functioning fund manager responsible for the management and stewardship of nearly £14bn of LGPS assets. In addition, he was recruited a talented team of professionals to the company's senior leadership team.
"As the company now enters its post-launch, business as usual phase, Andrew feels the time is right for someone else to take the helm."
The pool comprises benefits for around 870,000 members and 1,900 employers, bringing together local authority funds from Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, the West Midlands, and Worcestershire, as well as the West Midlands Integrated Transport Authority.
It is one of eight funds that have emerged across the LGPS since the government mandated pooling across England and Wales to be completed by April this year.
See also: PP talks to Warwick-Thompson about turning LGPS Central into an asset manager
