Pension Funds

Lothian Pension Fund CEO to depart at end of year

Lothian Pension Fund, Edinburgh, is searching for a new CEO following the resignation of Clare Scott.

Ms. Scott will leave the 6.7 billion ($8.5 billion) local government pension scheme fund at the end of the year, said a notice on the fund's website.

She joined in 2005. Further details were not available.

A search is underway for a new CEO and is expected to "attract a lot of interest, especially as the fund has established a position as one of the leading LGPS funds in the U.K.," said the notice.

A spokeswoman at the pension fund said both internal and external candidates are being considered, and Lothian is using a specialist recruitment firm as well as sourcing applicants itself. The fund hopes to have someone in place by December or early next year.