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The Board may consist of between seven and eleven members appointed by the Mayor of London and who are responsible for the administration of the London Pensions Fund in accordance with Statutory Regulations. The Mayor is required to consult local government representatives in London on at least one half of the appointments excluding the Chairman. Currently there are eleven board members.
Seven Board Member contracts expired on the 31st December 2008 and the Mayor reappointed four existing members and three new members The appointments were made by London’s Mayor following consultation with London Councils and an appearance before the GLA’s Confirmation Hearings Committee.
Anthony was appointed as LPFA’s new Chairman succeeding Neil Newton who had been Chairman for eight years.
Anthony Mayer is an Oxford graduate who began a Civil Service career in 1967 based in the Department of the Environment. He was a member of the Central Policy Review Staff and principal private secretary to the Secretary of State for Transport between 1980 and 1982. He left the Civil Service in 1985 to join the merchant bankers N.M. Rothschild & Sons where he remained until 1991 when he became Chief Executive of the Housing Corporation. He was appointed interim chief executive of TfL when it came into existence and became the Chief Executive of the GLA in October 2000. As GLA Chief Executive Anthony was a guest speaker at the Fund Members Forum in 2005.
He is currently Chair of the Tenant Services Authority, the new Regulator for affordable housing, and an adviser on electoral processes to INDRA, a leading Spanish Information Technology company.
Michael was appointed as Deputy Chairman by London’s Mayor with effect from 1st January 2009. He has been a Board Member since 1st January 2006 and is currently a Non Executive Director of the Pension Protection Fund. He is a Director and founder of Michael Deakin Consultancy Ltd since October 2003 and is also Chairman of Manifest Information Services Ltd. Prior to this, Michael was Chief Investment Officer and an Executive Director of Insight Investment, the asset management business of Halifax Bank of Scotland, where he controlled over £65 billion of assets and managed and built a team of 150 investment professionals covering equity, fixed income and property fund management. He is also a trustee of the HBOS Final Salary Pension Scheme. Michael was educated at Bristol University and is an actuary.
Niaz Alam is a former Deputy Director of the Ethical Trading Initiative. A solicitor by background, he has worked on corporate responsibility and ethical investment issues since 1992. He was formerly Head of Social Issues at the Ethical Investment Research Service where he worked for eleven years. Niaz has served as an elected vice-chair of the development charity War on Want and on the BBC Appeals Advisory Committee.
Michael Cassidy has practised law in the City for 37 years principally representing the UK’s largest pension fund organisation on their investments. In parallel, he has pursued a local government career at the Corporation of London, first as Planning Chairman, then Leader of the Council. He has Chaired the Barbican Arts Centre and, more recently, the Museum of London. He was recently President of the London Chamber of Commerce and was awarded the CBE for services to the City in 2004. In recent years, opportunities have arisen in the area of overseas companies listed on AIM, the most prominent one being Trikona Trinity Capital which invests in Indian property and infrastructure projects. He has served for 10 years on the board of British Land and currently at UBS Ltd. More recently he has moved into the healthcare sector as Chairman of Homerton Hospital.
John Cox, is a Chartered Accountant and a former partner of Baker Tilly. He is a former councillor at the Royal Borough of Kensington & Chelsea and a former non-executive director of NHS Mental Health Trusts.
Icki Iqbal, recently retired as a Director after 8 years at Deloitte & Touche, formerly Bacon & Woodrow actuaries. Prior to this he was Assistant MD of Royal Life Holdings and Group Marketing Actuary of Sun Life. He is an actuary with extensive experience in all aspects of retail financial services businesses and an author of several published reports on actuarial and marketing themes.
Shiria Khatun was appointed to the Board with effect from on 1st August 2007. She is a community activist with a passion for helping young people, women and the disadvantaged to better themselves and to move up the income and social ladder. Shiria was elected as a Labour Councillor for Tower Hamlets in 2006.
Married with a young family, Shiria is a lead Cabinet member for culture at the LB Tower Hamlets and is the Mayor’s Special Advisor for Transport for London. She is also a Board member for a number of organisations in the area such as the Rich Mix Culture Centre and has started a few community organisations and forums. She currently works for a voluntary organisation around training young unemployed people for work.
Peter Lang joined the LPFA Board on 1st August 2007 following the Mayor’s acceptance of his recommendation from the Green Party group on the London Assembly. Peter has been an environmental consultant for most of his working life having spent the past 25 years lobbying and campaigning on environmental issues.
He brings to the Board a clear focus on what the LPFA needs to do in terms of being fully aware of how environmental factors affect financial institutions and will encourage the Board to consider these issues vis a vis our investment strategy.
Peter, in 1996, was one of the first to write a book on ethical investments and founded an organisation called “Green and Away” which ran the first environmentally friendly conference centre in the country. He currently chairs its board of trustees. He also lectures on culture and ecology and works with various organisations on a wide range of projects.
Angela was appointed to the board with effect from 1st January 2009. She has 20 years experience in running projects and directing programmes.
In 2006 Angela was runner-up in both the prestigious Interim Manager of the Year and Project Manager of the Year awards. Her most recent clients have been Footsie 50 Financial Services and Retail organizations including JP Morgan, Banque PariBas, Barclays, Tesco and Zurich Financial Services. She is currently a Management Consultant with Indigovine having done consultancy work at Deloitte & Touche and Accenture.
She was educated at Loughborough University, and achieved a MBA at Ashridge Business School and is a member of the Chartered Institute of Marketing.
Bill Roots was Chief Executive and Director of Finance of Westminster City Council 1994-2000. He was previously Director of Finance and Deputy Managing Director from 1990 to 1994. Prior to that he was Director of Finance of the LB of Bexley for eight years and prior to that he worked for Southwark and the GLC. Bill is a CIPFA member, a former examiner and has sat on numerous national working parties representing the local authority associations. He was Chairman of the London Financial Advisory Committee for ten years until 2000, a former President of the Society of London Treasurers and was President of the Association of Local Authority Treasurers Societies in 1999-2000. He is now an independent consultant operating in central government, local government and the wider public sector. He was a member of the Gershon Efficiency Review team and has undertaken a number of roles for the Department for Communities and Local Government and the Audit Commission in recent times. He is also the Chairman of a local heritage trust.
Sarah was appointed to the board with effect from 1st January 2009. She is a Director and founder of SmartCats Consulting and Chair of The Pensions Trust and Chair to the Trustees of the Macmillan Cancer Support Pension Scheme.
Having studied Classics at Oxford University, Sarah moved to Edinburgh and qualified as a Chartered Accountant in 1998. In 1999 Sarah moved to Standard Life Investments, where she remained until 2008 working in a number of different roles covering a wide variety of asset classes, including real estate, hedge funds and derivative strategies. Latterly she was responsible for building the infrastructure to support a multi-billion pound liability-driven investment business.
Sarah’s work as a pension trustee began in 2004, when she became a member nominated trustee of the Standard Life Staff Pension Scheme. Since then Sarah has acted as a trustee for six other pension schemes, including three appointments as Chair to the trustees and two appointments as sole trustee. She is currently a member of the Pensions Working Party for the Institute of Chartered Accountants of Scotland.