Richard Fanshawe was named head of private markets for Brunel Pension Partnership, Bristol, England, said a spokeswoman.
Brunel was created to manage about £28 billion ($38 billion) in pooled assets for 10 local government pension scheme funds.
The hire is effective Feb. 1. Brunel launched a search in September. At the time, a document said the successful candidate would design, develop, implement, manage and take on overall responsibility for investing more than £5 billion in private markets investments.
Mr. Fanshawe "brought us the ideal mix of technical experience, with 11 years of experience across a broad range of different assets classes, including eight years as a fund and portfolio manager focused on direct equities, private equity, infrastructure and credit strategies," said Dawn Turner, CEO of Brunel, in a news release. "Competition was robust, but (he) was the unanimous choice."
Brunel is looking for more investment professionals to join the pool.
Mr. Fanshawe was a fund manager at the £4.4 billion Derbyshire County Council Pension Fund, Matlock, which has joined the £35 billion Central Pool. Spokesman for Derbyshire County Council said Mr. Fanshawe hasn’t been replaced.