New pattern for London CIV
A new chief executive has been appointed to lead the organization that runs the Local Government Pension Scheme (LGPS) in London.
Dean Bowden is set to take charge of London CIV in November, succeeding Mike O’Donnell – subject to Financial Conduct Authority (FCA) approval.
London CIV said Mr Bowden would “take the opportunity to spend a few weeks working with Mike O’Donnell, getting to know London CIV’s client funds, before formally taking over”.
His press release said he brings “considerable experience in asset management and the broader investment and savings industry.”
Mr. Bowden has spent much of his career with Quilter (formerly Old Mutual and Skandia). Until recently he was Managing Director and Director of Quilter Investors Portfolio Management and Managing Director and Director of Quilter Investors Limited.
At the same time, he was responsible investment group leader for Quilter.
London’s CIV said Mr Bowden “would bring a combination of investment, trading and client service experience and a strong track record as a leader in asset management and investment businesses. responsible”.
Mr Bowden said: “London CIV plays a vital role in the success of the LGPS retreat fund it was created to support. It is a privilege to take on the leadership of this purpose-driven business at an exciting time for the pooling industry in general and for London CIV.
“I look forward to working closely with London CIV clients to further develop the support and proposition for the LGPS pension funds we support.”
Mike Craston, President of the London CIV, said: “I look forward to seeing London CIV maximize its potential to deliver benefits to his clients’ funds and wider stakeholders and believe Dean has the right mix of knowledge and personal qualities to lead London CIV over the coming years, in an environment where we all expect to navigate some changes both in terms of markets and government policy.”
London CIV was established in 2015 by London Local Authorities and is responsible for managing the pooled assets of 31 councils and the City of London’s LGPS funds.