Gordon Ross will leave his position as chief investment officer at LGPS Central, Wolverhampton, England, a pool of eight local government pension funds in the U.K., according to a news release.
LGPS Central has approximately £30 billion ($37 billion) in assets, and Ross had been CIO at the pool since July 2020, having been initially named as interim in April of the same year. A successor has not been named, with the release confirming that a job search was underway for the now vacant position.
In emailed communication with Pensions & Investments, a spokesperson for LGPS Central confirmed that Ross was "ready for his next challenge" but was unable to provide further details.
“Gordon has been a fantastic colleague who’s helped build our investment approach and developed a team of investment experts that’s helped us grow into the professional investment management company we are today," said Joanne Segars, chair of the LGPS Central board, in the news release.
In the same release, it was confirmed that Richard Law-Deeks, LGPS Central’s incoming CEO, will join the pool in early summer, having formerly been CEO of the £9.7 billion Royal Mail Pension Plan, London.
Trevor Castledine was also named as the first chief commercial officer at LGPS Central.
In his new role, Castledine will be expected to lead engagement with LGPS’ partner funds, central and local government, and the broader investment industry. He is currently a nonexecutive director at NEL Fund Managers, and an independent adviser at the South Yorkshire Pensions Authority, Barnsley, England. He will be leaving the advisory role at South Yorkshire having joined LGPS Central, with a spokesperson for the pool confirming that he is already in post.
