The Lothian Pension Fund (LPF), the second largest Local Government Pension Scheme (LGPS) provider in Scotland, has announced a change to its senior leadership team by appointing Emmanuel Bocquet as chief investment officer.

From 1 November 2023 Bocquet will succeed Bruce Miller who earlier this year announced his decision to retire. Miller will remain in place until the end of January 2024 to support a smooth transition with Bocquet.

Bocquet joins from TPT Retirement Solutions, a pension fund consolidator, where he has spent the past seven years as deputy CIO, managing multiple schemes across strategic portfolio construction, investment manager selection for all asset classes and reporting to stakeholders.

Prior to TPT, he spent more than 10 years at the in-house investment management arm of the National Grid UK pension scheme, latterly as head of alternative investments.

Bocquet began his career in 1994 at Credit Lyonnais Securities with responsibilities for interest rate derivatives trading, moving on to similar roles at ANZ Investment Bank and subsequently HypoVereinsBank. Prior to joining the National Grid UK pension scheme, he worked at Gulf International Bank where he was responsible for managing a systematic investment programme.

Bocquet said: “Lothian Pension Fund is unique within the Scottish LGPS sector in operating an FCA-regulated investment arm. It’s well known in the industry for its commitment to sustainably growing its pension fund through good stewardship of its assets. I’m delighted to be joining to continue the great work of the team and delivering the very best service to our members, employers and partner funds.”

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