Hugh Grover was named CEO of the London Pensions Collective Investment Vehicle, said a news release from London Councils.
It is a new position. The common investment vehicle, set up by London Councils, is designed to provide a platform through which the 33 local government pension funds in London invest collaboratively. The pension funds have more than £24 billion ($36 billion) in assets.
Mr. Grover was previously director of local government finance policy at London Councils.
London Councils announced the formation of the limited liability partnership on July 21, 2014, and announced in January the hiring of Northern Trust as custodian for the fund.
Mr. Grover and London Councils spokesman Jim Ranger were not available by press time.
