London CIV makes three key appointments
The London CIV has made three key appointments to support the company's senior management function.
Jason Fletcher will be joining in July 2020 as permanent Chief Investment Officer and will be joined by Jacqueline Jackson in the new role of Head of Responsible Investment. Additionally, Cameron McMullen will be joining the London pool as Client Relations Director next week, taking over from Kevin Cullen, following his announcement to retire earlier this year.
The appointments are a key milestone for the London CIV, which has been working to further bolster its senior management team and have the necessary resources to be more active in its commitment to Responsible Investment and climate change, working in partnership with its pool members to do so.
Fletcher has significant experience in the LGPS sector; he joins London CIV following three years as Chief Investment Officer at LGPS Central and at West Midlands Pension Fund prior to that, where he has worked in partnership with a multitude of pension funds. His familiarity with the LGPS sector complements 25 years of experience in the financial services industry more broadly, where he has previously progressed at the Universities Superannuation Scheme Investment Management (USSIM), initially specialising in Equities and succeeding as Co-Deputy Chief Investment Officer.
The permanent position will facilitate the delivery of a strong and sustainable investment strategy to enable LCIV’s shareholders to succeed in their pooling requirements. Jason’s appointment follows the recent promotion of Rob Hall, to Deputy CIO, and is a key appointment in cementing a senior team.
Fletcher says: “I am so pleased to be joining the team at London CIV. I look forward to working with my LCIV colleagues and in partnership with our pool members to develop investment opportunities that suit their needs and expectations and doing so in the most efficient and collaborative way.”
Lord Bob Kerslake, Chair of the London CIV, adds: “I’m delighted to welcome Jason, he has a strong track record of leading on and delivering pooling. The permanent appointment is a key milestone in consolidating a strong top team and supporting the London CIV as we move forward”.
Since November, Kevin Corrigan has been acting as Interim CIO at London CIV whilst the recruitment for a permanent CIO has been ongoing. Kevin will continue in this role, leading the investment team and delivering investment opportunities, until Jason joins in July.
McMullen will lead on engagement with the London Local Authority (LLA) Pension Funds and working in partnership with them to understand their investment strategies and required outcomes. He will join LCIV on Tuesday 14 April 2020 and will take over from Kevin Cullen, who announced his retirement earlier this year.
This appointment further bolsters the senior management function, enhancing the focus, attention and importance that LCIV places on client relations and delivering value to their partner funds. Cameron joins from MJ Hudson Allenbridge (MJHA), where he has gained significant experience and a strong track record in developing and sustaining key relationships. He is connected and familiar with the Local Government Pension Scheme (LGPS) and Defined Benefit (DB) Corporate Pension Fund environment, having been involved with a multitude of projects across 20 years’ experience in both the public and private sector.
At London CIV, McMullen will lead the Client Relations Team in developing and sustaining positive relationships with LCIV pool members across all levels, including pension fund treasurers and managers, and elected members to better understand their current and future pooling requirements.
Mike O’Donnell, Chief Executive of the London CIV, says, “I am really pleased to welcome Cameron to the team. I’m confident that his knowledge and experience will be of great value to the London CIV as we progress in partnership with our pool members.”
A specialist in sustainability, stewardship and responsible investment, Jackson joins LCIV with 12 years’ experience working for and engaging with global companies, governments, regulators and investors on ESG-related issues.
She joins LCIV from Trucost, S&P Global, where she directed business development and responsible investment, assessing investment risks relating to climate change, natural resource constraints and broader environmental, social and governance factors.
Jackson has extensive experience working with government bodies and regulators such as The Environment Agency, UNEP, PRI as well as previous engagement with London Authorities and pension funds to quantify ESG risks and advise upon the development of policies and guidance.
At London CIV, Jackson will lead and develop LCIV’s commitment to responsible investing. She will work with London Local Authorities to better understand their ESG, ethical and impact needs and integrate these into LCIV’s strategy and decision-making processes.
Jackson will join London CIV by July and, in the interim, Dawn Turner is continuing to provide support to maintain momentum in this function. Additionally, Chris Bilsland, Non-Executive Director at the London CIV, has been appointed by the LCIV Board as the ‘Responsible Investment Champion’, to drive the success of a sustainable strategy and advocate the Pool’s commitment to responsible investment and long-term solutions.