LPFA Appoints Deputy Chairman and Board Members

The London Pensions Fund Authority has appointed Sir Merrick Cockell as deputy chairman. The LPFA has also added of three pensions industry veterans to its board.

PRESS RELEASE

LPFA cements reputation as centre of excellence in public pensions management with the appointment of three industry heavyweights to its Board, and of Sir Merrick Cockell, who stood down as Leader of the Royal Borough of Kensington and Chelsea after 13 years this week, as Deputy Chairman.
The London Pensions Fund Authority (“LPFA”), one of the largest Local Government Pension Scheme (“LGPS”) funds in the UK, today announces the appointment of Sir Merrick Cockell as Deputy Chairman and the addition of three pensions industry veterans to its Board.
Sir Merrick stepped down as Leader of the Royal Borough of Kensington and Chelsea after 13 years this week, while the new Board members are Dermot McMullan (Trustee of the Bank of America UK Pension Plan), Abdallah Nauphal (Chief Executive Officer at Insight Investment) and Kerry Adby (Managing Director at Copernican Securities).
The confirmation of McMullan, Nauphal and Adby as Non-Executive Directors – all of whom bring with them extensive experience of the pensions industry – further supports the LPFA’s reputation as the best-in-class manager of public pensions. McMuillen has been a Trustee of the Bank of America UK Pension Plan since 2003, taking over as chairman in 2007. This year he was also appointed a Director of the Bank of America Merrill Lynch UK Pension Plan.
Nauphal is currently CEO of Insight Investment, an asset management firm that manages more than £220bn, mostly on behalf of UK pension schemes. Since joining Insight in 2003, Nauphal has re-engineered the business to focus on bridging the gap between clients’ specific investment needs and the largely generic products on offer.
Adby is Managing Director at Copernican Securities, a specialist consultancy that provides structured, corporate and strategic advisory services. She brings with her a wealth of pensions experience, with current and recent Board roles including the Canadian Pension Plan Investment Board, WINenergy and the WorkCover NSW Insurance Fund. In addition she has served as a pensions adviser to the World Bank.