UK - Suzanne Ross, investment manager at the IBM Pension Fund, is to join the £3.5bn (€5.1bn) London Pension Fund Authority as investment director.

The LPFA said Ross takes up the post on October 9.
"She has over 20 years experience in business and financial management and has been the investment manager for the IBM Pension Fund for the last four years," the LPFA said.

In June IPE reported that IBM's UK pension assets returned 19% in 2005.

David Newman, IBM's UK pensions manager, declined to comment. He referred queries to the corporate press office, which wasn't able to comment.

Ross will be working with new LPFA chief executive, who takes over from the retiring Peter Scales xx.

The LPFA cited her "knowledge of business development, corporate finance, taxation, pensions investment, and mergers and acquisitions, together with her leadership skills and her wealth of experience in dealing with global investment banks".

Scales said she would bring "a level of understanding, experience and personal credibility that will be so important in further advancing our highly successful investment strategy".

The LPFA is the largest local government pension scheme provider in London and provides a fully comprehensive pension administration service to over 150,000 members.