Chris Rule was named CEO at Local Pensions Partnership, London, and its investment subsidiary, Local Pensions Partnership Investments, a spokesman said.
Mr. Rule had been interim CEO at the £18.8 billion ($24.4 billion) pension funds pool since May, following the resignation of Susan Martin. He was also chief investment officer for the money management unit.
The pool also said Richard J. Tomlinson had been promoted to the role of CIO for LPPI, replacing Mr. Rule in the post. He had been deputy CIO. Whether a deputy CIO will be appointed has yet to be decided, the spokesman said.
"Chris brings over 20 years of investment experience to the role, operating at the most senior level, with a vision to take LPP and its investment company, LPPI, to even greater success," LPP Chairman Michael O'Higgins said in a news release.