Border to Coast Pensions Partnership has appointed Joe McDonnell as its new chief investment officer (CIO).
McDonnell succeeds John Harrison, who has acted as interim CIO since 2021. Harrison will continue to act as an advisor at Border to Coast.
On his appointment, McDonnell said: “Having watched Border to Coast develop over the last four years, I’m excited to be part of its journey. It has established a reputation as an effective and responsible investor on behalf of its Local Government Pension Scheme (LGPS) funds, and I look forward to ensuring Border to Coast continues to offer robust, innovative and sustainable investment opportunities.”
McDonnell has extensive investment experience, which includes working for Shell as head of investments, Morgan Stanley as managing director, head of solutions and diversified alternatives, and Neuberger Berman as managing director, head of portfolio solutions.
Border to Coast is one of the largest LGPS pools in the UK. It has 11 partner funds and total assets worth £38.3bn as at March 2022.
Rachel Elwell, Border to Coast’s CEO, said: “Joe has a range and depth of experience that will be hugely valuable as we continue to develop the propositions to support the needs of our partner funds.
“I’d also like to thank John Harrison, our interim CIO, for his support and leadership in our development. He has given the team a strong foundation as we continue our journey, for which both the board and I personally are hugely grateful.”
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