Northern LGPS has appointed Councillor Gerald Cooney as chairman, replacing Paul Doughty who has held the role on an interim basis since January.
Currently vice deputy of the Greater Manchester Pension Fund (GMPF), Cooney will lead the £45bn Local Government Pension Scheme (LGPS) pool which comprises the assets of the Greater Manchester, West Yorkshire and Merseyside funds.
He has been a member of the GMPF's committee for nearly 30 years, acting as a representative of its administering authority, Tameside Council. He is also an executive member for economic growth, employment and housing in Tameside.
Cooney will work alongside GMPF chairwoman Brenda Warrington, West Yorkshire Pension Fund chairman Andrew Thornton, and Merseyside Pension fund chairman Pat Cleary.
Cooney commented: "It's a privilege to take over as chairman, and I look forward to continuing the work of my predecessors in ensuring that Northern remains the most cost-effective and efficient LGPS investment pool, with a simple but democratic governance structure that delivers sustainable financial returns to ensure our members enjoy a decent and dignified retirement and guaranteeing affordability to employers and taxpayers alike."
Northern LGPS is the largest of eight LGPS pools in England and Wales, and supporrts five million current and former council workers.
Doughty had temporarily taken over the role after the previous chairman, Ian Greenwood, died in November last year.
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