New Chief Executive Confirmed

We’re pleased to announce that David Vallery has been appointed as Chief Executive Officer of Lothian Pension Fund with effect from 21 June 2021.

David will succeed Doug Heron who, earlier this year, announced his decision to leave LPF to take up a similar role overseas in the summer. Doug will remain in place until the summer to support a smooth transition with David.

David is a highly experienced financial executive, serving most recently as Chief Financial Officer at Police Mutual Assurance Society where he worked for four years. His previous roles include Managing Director of a UK private wealth business and CFO of an Australian Insurance Group. David holds a BSc in Actuarial Mathematics and Statistics and is a Member of the Faculty of Actuaries. David lives in Edinburgh with his wife and two daughters and enjoys cycling and running in his spare time.

Commenting on his appointment, David said:

“I’m delighted to join LPF. With over 84,000 members and £8bn of assets, LPF is a major part of the LGPS in Scotland which is of critical importance to the financial well-being to around one in five people in Scotland. I look forward to working with the team to ensure we continue to deliver an excellent service to all members and employers and make it a great place to work.”

Published: 1st June 2021