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LPFA appoints new board member

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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 Robert Vandersluis – GlaxoSmithKline’s director of global pension investments – to its board as a non-executive director.

The appointment comes shortly after the release of the LPFA’s Annual Report 2013, which showed that the fund grew by GBP427m during 2012-13, to GBP4.6bn.
 
At GlaxoSmithKline (GSK) Vandersluis (pictured) manages a large derivative and investment portfolio, as well as providing strategic advice to GSK’s trustees for pension funds in Europe, the US and Japan. Vandersluis has developed and overseen the implementation of GSK’s interest rate and inflation hedging strategies and established its London-based pension investment department.
 
Vandersluis’ previous roles include senior positions at Affinity Sutton Group and Ford Credit Europe Bank. In addition, he has served on the boards of five organisations, including The Pensions Trust, helping to direct the investment of GBP4bn of assets for 36 defined benefit pension schemes.
 
Edi Truell, chairman of the LPFA, says: “One of the LPFA’s priorities at present is to build our in-house and board capabilities, reducing the need for external advisers. Robert has achieved an enormous amount in his career so far and will further enhance our credentials in asset and liability management and treasury management. We are delighted to be welcoming someone with his talent, expertise and passion to our board.”
 
Vandersluis says: “I am delighted to be invited to join the LPFA board. I look forward to working with the board and the corporate management team in helping to achieving the LPFA’s objective of delivering long term sustainable pensions, for generations to come.”

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