West Midlands Pension Scheme looks to revamp leadership structure
UK - The West Midlands Pension Fund is looking to revamp its entire leadership structure as part of a wider redundancy plan that could see the elimination of a number of top roles.
IPE understands that the role of chief investment officer - currently held by Judy Saunders - is one of the positions at risk.
However, a spokesman at West Midlands told IPE that talks were still ongoing with employees whose positions were deemed at-risk, and he stressed that no final decisions had been made.
He added that the pension fund was likely to reach a final decision on the reshuffle some time this week.
Geik Drever, former head of the Lothian Pension Fund, is set to succeed Brian Bailey as director of the West Midlands Pension Fund.
Bailey is set to retire on 31 March, while Drever started in her new role at the beginning of this month.
She joined the City of Edinburgh Council in 1987 as an accountant, rising to chief accountant with responsibility for investment and treasury in 2002.
The spokesman at West Midlands said Drever would be likely to take responsibility for the CIO position if it were eliminated.
Saunders was unavailable for comment.