• Chris Rule, previously interim CEO, is appointed CEO
• Richard J Tomlinson, previously Deputy Chief Investment Officer, also promoted to Chief Investment Officer, LPPI

Today, Local Pensions Partnership (LPP) announces the appointment of its new Chief Executive Officer.

Following a successful recruitment process, Chris Rule has been selected as CEO, LPP and LPPI (Local Pensions Partnership Investments). Chris was previously interim CEO, LPP, since May 2019, and Managing Director and Chief Investment Officer (CIO), LPPI, since 2016.

Richard J Tomlinson has also been promoted from Deputy Chief Investment Officer LPPI to Chief Investment Officer, LPPI.

While in the CIO position at LPP, Chris was instrumental in driving forward the in-house and external investment strategy, with particular highlights being his founding and management of GLIL Infrastructure, a collaboration with Northern LGPS.

Chris has a wealth of experience in the pensions and investment industry. Before joining LPP in 2016 Chris was CIO at London Pensions Fund Authority (LPFA), one of LPP’s founding clients. Prior to LPFA Chris held several senior positions including Head of Alternatives at SEB Investment Management, as well as founding and co-managing the multi-strategy team whilst a Principal at Old Mutual Asset Managers.

As CEO, Chris’ mandate is to continue building on the foundations of a sustainable business, while achieving robust investment returns and fulfilling the strategy to provide unparalleled member and employee services.

Richard has been in LPP’s investment team since 2017 and has over 17 years’ asset management, investment research and portfolio strategy experience, along with strong experience in client management. He joined LPP from Albourne Partners, where he was Head of Portfolio Advisory (EMEA).  Before this role, he was Head of Multi-Strategy at Old Mutual Asset Managers. In 2019, he was named one of the Rising Stars of the pension industry.

As CIO, Richard will take over Chris’ previous role of managing LPP’s internal and external investment strategy to deliver outperformance for all member funds.

Michael O’Higgins, Chairman, Local Pensions Partnership, said: “I am very pleased to confirm Chris as CEO for LPP and LPPI. Chris brings over 20 years of investment experience to the role, operating at the most senior level, with a vision to take LPP and its investment company, LPPI, to even greater success.

“Richard is a highly experienced and skilled investment professional and I am thrilled he is taking on the CIO role. I am confident that they will deliver on our objective of building a strong business which maximises our collective ability, in order to generate the best outcomes for our clients and their members.”