London CIV, the local government pension scheme (LGPS) pool that serves all London boroughs and the City of London, has named Jenny Buck as its new chief investment officer (CIO).
She takes up the role in early March, which will maintain female leadership of the pool’s investments following Aoifinn Devitt’s departure last summer.
Buck, who has more than 30 years of investment management experience, was previously head of investment at Tesco’s pension scheme.
She first joined Tesco Pension Investment in 2011 and was part of the original leadership team that saw the business grow from a start up to one with more than a 100 people managing £25bn of assets.
During her tenure Buck held several senior roles, including head of property, head of private markets and deputy CIO, before being appointed CIO in 2021.
In that role, Buck oversaw the expansion into greater responsible investment and the transition of the investment management of the Tesco Defined Benefit Pension Scheme to Schroders, as part of an outsourced chief investment officer function, in February last year.
Prior to Tesco, Buck spent nearly 10 years at Schroders, where she was head of global property fund of funds.
Commenting on Buck’s appointment, London CIV’s CEO, Dean Bowden, said: “Jenny’s appointment comes at a pivotal time for the London LGPS community. Her extensive experience will play a crucial role in our ability to work even closer together, increase efficiency, drive down costs and compound value for London’s LGPS members.”
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