Dean Bowden will join London CIV as CEO, effective in November.
Mr. Bowden will replace Mike O'Donnell, who in April said he would step down from the role at the pool of London local authority pension funds in March 2023. Mr. Bowden will spend "a few weeks working" with Mr. O'Donnell, getting to know the member funds before formally taking over, a news release said.
"I'm keen to see London CIV maximize its potential to deliver benefits for its client funds and wider stakeholders and believe that Dean has the right blend of knowledge and personal qualities to lead London CIV over the forthcoming years, in a context where we all expect to navigate some change both in terms of markets and government policy," Chairman Mike Craston said in the news release.
Mr. Bowden's appointment is subject to regulatory approval. London CIV's member funds have a total £48 billion ($58.4 billion) in assets. London CIV is targeting the pooling of 70% of its member funds' assets by 2025. The pool currently manages £14 billion in active strategies.
A spokesman for London CIV did not respond to a request for comment.
Mr. Bowden was most recently CEO and director of Quilter Investors Portfolio Management and managing director and director of Quilter Investors.
