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London Pensions Fund Authority appoints deputy chairman and three board members

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The London Pensions Fund Authority (LPFA), one of the largest local government pension scheme (LGPS) funds in the UK, has appointed Sir Merrick Cockell as deputy chairman and has added three pensions industry veterans to its board.

 
Sir Merrick (pictured) stepped down as leader of the Royal Borough of Kensington and Chelsea after 13 years this week, while the new board members are Dermot McMullan (trustee of the Bank of America UK Pension Plan), Abdallah Nauphal (chief executive officer at Insight Investment) and Kerry Adby (managing director at Copernican Securities).
 
McMuillen has been a trustee of the Bank of America UK Pension Plan since 2003, taking over as chairman in 2007. This year he was also appointed a director of the Bank of America Merrill Lynch UK Pension Plan.
 
Nauphal is currently CEO of Insight Investment, an asset management firm that manages more than GBP220bn, mostly on behalf of UK pension schemes. Since joining Insight in 2003, Nauphal has re-engineered the business to focus on bridging the gap between clients’ specific investment needs and the largely generic products on offer.
 
Adby is managing director at Copernican Securities, a specialist consultancy that provides structured, corporate and strategic advisory services. She brings with her a wealth of pensions experience, with current and recent board roles including the Canadian Pension Plan Investment Board, WINenergy and the WorkCover NSW Insurance Fund. In addition she has served as a pensions adviser to the WorldBank.
 
Sir Merrick has been a board member at LPFA since 2010 and has more than a quarter of a century of local government experience, having been a councillor of the Royal Borough of Kensington and Chelsea since 1986 and leader since 2000. In addition to this role, Sir Merrick was an audit commissioner, and is chairman of the think tank Localis and chairman of the Local Government Association. He was also chairman of London Councils from 2006 until 2010, leading London’s local government, campaigning for fair funding for public services in London and making the case for more devolution from central to local government.
 
Edi Truel, chairman of LPFA, says: “We are delighted to welcome Dermot, Abdallah and Kerry to the board and also to announce Sir Merrick’s appointment as deputy chairman. These additions further enhance LPFA’s reputation as a centre of excellence in public pensions management, and we look forward to building on our promise to deliver millions of pounds in cost savings and investment benefits through the One Fund for London.” 

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