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Lothian appoints new Chief Executive

Published: Wednesday, 28 November 2018

Doug Heron is to be the new Chief Executive of the £6.7bn Lothian Pension Fund, the second largest Local Government Pension Scheme in Scotland. Doug will take up his appointment in February 2019.

Doug Heron is to be the new Chief Executive of the £6.7bn Lothian Pension Fund, the second largest Local Government Pension Scheme in Scotland.  Doug will take up his appointment in February.  He is joining us from Edinburgh-based investment platform Nucleus Financial.  During his four years there, he held the roles of Chief Financial Officer and Chief Operating Officer.  Prior to joining Nucleus, Doug was Finance Director of private bank Adam & Company and previously held senior roles in RBS in the UK and China. He is a graduate of the University of Glasgow and an associate member of both the Chartered Institute of Securities and Investments (CISI) and the Chartered Institute of Management Accountants (CIMA).

Doug said of his appointment today, “I am delighted to be joining the team at Lothian Pension Fund and to have the opportunity to play a part in shaping the stewardship of pension funds for local government employees in Edinburgh and the Lothians and, through our partnerships with other schemes, more generally across Scotland.  Pension benefits remain a core part of the employee proposition within local government and ensuring the sustainability of those benefits is the key priority.”

Doug succeeds Clare Scott who is leaving the Fund in December after 13 years, the last 6 years as Chief Executive Officer.  Clare has led the Fund through a period of significant change culminating in the receipt of various awards including 70% of investments directly managed in-house, first public-sector pension fund to achieve Pensions Administration Standards Association accreditation, leading a collaboration with two other Scottish LGPS funds, setting up of a unique corporate structure and gaining FCA registration.

Announcing Doug’s appointment, Councillor Alasdair Rankin, Convener of the Pensions Committee said today: “I am delighted that Doug will be joining us as our new Chief Executive Officer.  He was the unanimous choice of the appointments panel and I believe he is ideally qualified to continue the successful delivery of the Lothian Pension Fund’s work and look forward to working with him.”