Mike Weston, until recently CEO at LGPS Central, has announced his departure from the pool.
Weston has been chief executive at £55bn-valued pool LGPS Central since 2019. He announced his departure in a statement on social media last night.
LGPS Central manages the assets of eight Midlands-based local government pension funds.
Throughout Weston’s four years at the helm, the pool has both doubled its asset under management as well as the size of its team; it has also launched 23 funds or limited partnerships.
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Weston is a regular contributor at Room 151 and has recently published a comment in favour of accelerating the pace of LGPS pooling.
Prior to joining LGPS Central, Weston was chief executive at the Pensions Infrastructure Platform and board member and vice chair at the PLSA . Before that, he spent five years as CIO at DMGT, a pension plan by Fidelity.
Weston did not disclose his next plans but hinted that it was time for a new chapter.
A spokesperson for LGPS Central confirmed that he has now left the pool. His role as CEO will be taken over by his deputy John Burns on an interim basis while the board searches for a permanent replacement.
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