Colin Simpson was named head of asset management-infrastructure at the £16 billion ($20 billion) Local Pensions Partnership, a spokesman said Tuesday.
The position is new. Mr. Simpson will ensure that all infrastructure assets in LPP — a pool of U.K. local authority pension funds — meet targeted investment returns. Mr. Simpson also manages stakeholder relations, identifies and executes strategic value enhancement initiatives and contributes to the wider business including the evaluation and origination of investment opportunities.
“A diversified investment strategy is one important part of LPP’s overall goal to deliver active stewardship of both assets and risk and liabilities, as well as complete end-to-end pension services for clients and members,” Chris Rule, interim CEO and CIO, said in a news release. The hire is exactly the type of talent we are looking for to achieve this ambition, Mr. Rule added.
Mr. Simpson was previously investment director at Amber Infrastructure, where he was responsible for a global portfolio of social infrastructure and renewable energy assets. Information about his replacement was not available.