
Lothian appoints new CEO
Lothian Pension Fund has appointed Doug Heron as CEO effective from February 2019.
Heron's responsibilities include shaping the stewardship of pension funds for local government employees in Edinburgh and the Lothians, and through partnerships with other schemes across Scotland. He replaces Clare Scott, who is leaving at the end of 2018.
Prior to Lothian, Heron worked at Nucleus Financial, Adam & Company and RBS.
Lothian is the second largest local government pension scheme in Scotland, with £6.7bn in assets under management.
The pension fund has invested 2.3% of its portfolio in private equity as of March 2018, from which 1.4% is allocated to unquoted private equity, and 0.9% to quoted PE. It has also a current allocation of 2% to private debt. Investments in private equity and private debt are managed in-house.
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