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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:
Neil Newton, (Chairman) was appointed to the position of Chairman of the London Pensions Fund Authority, with effect from 1 July 2001. He retired as the Managing Director of the London Borough of Hammersmith and Fulham in March 1999, after a mainly public sector career in finance, but with a four year sabbatical working for a large money broking firm as Director of Project Finance. He has non executive directorships with Greater London Enterprises and Investor in the Community, and chairs the Investors Advisory committee on the Capital Fund. Neil works as an independent consultant, mainly with central and local government and the British Council.
Michael Ward, LPFA's deputy Chairman, is Chief Executive of the British Urban Regeneration Association. He was previously Chief Executive of the Kent Thameside Delivery Board and of the London Development Agency. He was a member of the Greater London Council, and was Deputy Leader of the Council in 1985-86. He served as a member of the GLC Superannuation Fund panel, and worked on ethical investment issues.
Niaz Alam is 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. An active trustee, Niaz has served as an elected vice-chair of the development charity War on Want and is currently a member of 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 Councillor at the Royal Borough of Kensington & Chelsea and Chairs both the Investment Committee and the OSC for Family and Children's Services and is Vice Chairman of the Planning Services and Major Planning Development Committees and the Computer and Communications Advisory Group as well as sitting on the Audit Committee. In addition, he is a Non-Executive Director of the West London Mental Health NHS Trust.
Michael Deakin, 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.
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 ththe 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.
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.
Jenny Rosser MBE has more than 45 years’ experience in the pensions industry. She was Interim Director General for the National Association of Pension Funds in 2002, Managing Director of the British Airways Pension Schemes and Secretary to the Trustees of those Schemes until her retirement from British Airways in June 2001. She was Chairman of the Board of Trustees of the Royal College of Nursing Pension Scheme until June 2008 and was a member of the Board of the National Health Service Pension Agency until March 2002. Jenny was awarded an MBE in the New Years Honours List in 2001 for services to Pensions.