Susan Martin was named CEO of the £4.6 billion ($7.5 billion) London Pensions Fund Authority, confirmed a spokesman.
In August, the fund announced Ms. Martin would serve as interim CEO until a successor for Mike Taylor, former CEO, was found. She previously was deputy CEO.
Ms. Martin joined the LPFA, which covers about 20,000 employees, 40,000 pensioners and also provides third-party pension services, in 2007. She takes over at a pivotal point for local government pension schemes.
“Local Government Minister Brandon Lewis' call for evidence into the future of the LGPS is a once-in-a-generation opportunity to solve real issues and reduce deficits,” said Edi Truell, chairman of the LPFA, in a news release.
Ms. Martin was not available to comment.