Aoifinn Devitt appointed as CIO of London CIV

London CIV, one of the eight Local Government Pension Scheme (LGPS) pools, has appointed Aoifinn Devitt as its new chief investment officer (CIO).

Devitt replaces Jason Fletcher, who left London CIV at the end of October after being at the pool since July 2020. She will officially start her role as CIO on 15 January.

Currently, Devitt is the CIO at US-based wealth management firm Moneta and has advised LGPS funds since 2006, consulting on asset allocation, responsible investing and the pooling process.

Prior to this, Devitt was head of investment for Ireland at Hermes Fund Managers and CIO for the Policemen’s Annuity and Benefit Fund of Chicago.

Commenting on her appointment, Devitt said: “I’m thrilled to be joining Dean Bowden [London CIV’s CEO] and the London CIV team as CIO, especially at a time of evolution and growth for London CIV. Having worked within the LGPS network for over 15 years, I am acutely aware of the importance of the role of London CIV in supporting our clients in the management of the LGPS.

“I am excited to build upon my work within the public sector to develop a suite of investment products that reflects the evolving imperatives around net zero goals, cash flow generation and portfolio resilience, and above all to working with a diverse group of clients at such a momentous time in their trajectory.”

In November, Devitt chaired Room151’s 2023 Investment Forum at the London Stock Exchange, where she encouraged investors to be vigilant and interrogate their managers on how to respond to a new normal of rising rates and inflation.

If you are a senior women in the LGPS why not join Room151’s Women in the LGPS Roundtable on strategic asset allocation on 27^th February 2024 in London? For more information and to register click here.