Scotland’s second largest local government pension scheme, Lothian Pension Fund (LPF), has announced changes to its leadership team including the appointment of a chief executive.
David Vallery replaces the outgoing Doug Heron who is departing to join the CERN Pension Fund in Switzerland.
Based in Edinburgh, Vallery’s appointment will be effective as of June 21. He most recently served as chief financial officer at Police Mutual Assurance Society.
The LPF has more than 84,000 members and £8 billion (€9.3 billion) in assets. It is also FCA-regulated which enables it to manage third party assets and provide advisory services.
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