UK - The £2bn (€3bn) Staffordshire County Council is seeking an independent investment advisor to strengthen performance monitoring of managers.

The advisor is to support the current independent advisor and consulting firm Hymans Robertson, a spokeswoman confirmed to IPE.

Furthermore, the council seeks to replace an independent advisor who retired last year. No names of advisers were disclosed.

She said that the new incumbent will help with monitoring managers and can bring in new ideas for this process. Other areas where the council seeks advice are strategic asset allocation.