LPP Partnership Holding Company Board

Michael O’Higgins

Chairman of LPP Partnership Holding Company Board and Non-executive Director (NED) on LPP Investments Board

Michael O’Higgins is also Chairman of Calculus VCT, the Channel Islands Competition and Regulatory Authorities, as well as a non-executive director of Network Rail and of the pensions company Hedgehog. He became the ‘Independent Person’ for Tunbridge Wells Borough Council in October 2015.

He was Chairman of The Pensions Regulator from 2011 to 2014, Chairman of the Audit Commission from 2006 until 2012 and chairman of the NHS Confederation from 2012 until 2015. He was also a NED of HM Treasury and Chair of the Treasury Group Audit Committee from 2008 to 2014.

Michael was also the Chair of the youth homelessness charity Centrepoint from 2004 to 2011. Previously, Michael was a Managing Partner with PA Consulting, leading its Government and IT Consulting Groups, latterly as a Director on its International Board. Prior to that he was a partner at Price Waterhouse, worked at the Organisation for Economic Co-Operation and Development in Paris and held academic posts at the University of Bath, the London School of Economics, Harvard University and the Australian National University.

Skip McMullan

Shareholder NED

Dermot ‘Skip’ McMullan was a managing director at Bank of America in a career spanning 28 years, prior to becoming an Independent Chair of Trustees. During his career at Bank of America, he was involved with a number of major industries in the UK and globally, including construction, mining, real estate, shipping, and the oil and gas industries. Most recently he was responsible for all the relationships that the Bank had in Europe with other financial and non-financial institutions.

His earlier career included the creation of the first PFI company, structuring the financial package and concession for the Dartford Bridge, followed by the larger concession for the Second Severn Bridge and the smaller concession for the Skye Bridge. The latter also involved the buyout of the concession by the Scottish Executive. Currently, he chairs the trustee boards of the Bank of America UK Pension Plan and the SSVC Pension Plan. He is a director of the Bank of America Merrill Lynch UK Pension Plan and joined the LPFA board in April 2013. He is also a trustee of a number of charities.

Sir Peter Rogers

NED

Sir Peter has more than 18 years’ knowledge and experience of working within the public sector. Sir Peter is currently Chairman of New West End Company and was previously an advisor to Boris Johnson, Mayor of London, on regeneration, growth and enterprise at the Greater London Authority.

He is a former chief executive officer of Westminster City Council, a former non-executive director to Liberta and also former chief executive officer of the London Development Agency. Prior to that Sir Peter worked in the private sector as a senior executive in one of the leading national transport operators.

Robert Vandersluis

NED and Chair of Risk

Robert Vandersluis is Director of Global Pension Investments at GlaxoSmithKline (GSK), where he manages over £10 billion of investments and a substantial derivative portfolio. At GSK, Robert sits on a number of pension boards, and he provides strategic advice to GSK’s pension fund trustees in Europe, the United States, and Japan. Robert established GSK’s London-based pension investment department, where he developed and implemented GSK’s interest rate and inflation hedging strategies.

Robert’s previous roles include senior treasury and corporate finance positions at Affinity Sutton Group and FCE Bank plc. He also served on the board of the Pensions Trust, where he was deputy chair of the investment committee.

Robert studied economics and public policy at the London School of Economics, the University of Michigan, Cambridge University, and Harvard University’s Kennedy School of Government.

Sally Bridgeland

NED and Chair of LPP Investments Board

Sally is well known in the UK pensions industry, for her thought-provoking views on risk, investment strategy and governance.

She combines investment governance consultancy for Avida International with a number of complementary roles, including as a non-executive director and investment committee chairman at mutual insurance company Royal London and trustee at both NEST Corporation and the Lloyds Bank pension schemes. Sally also serves on the Trust Investment Committee of the innovation foundation, Nesta and is Senior Warden of the Worshipful Company of Actuaries.

Sally was previously the CEO of BP Pension Trustees Limited. Before joining BP, Sally spent twenty years with Aon Hewitt as a pensions actuary and in the investment practice, where she led a number of research initiatives.

Susan Martin

Chief Executive

Susan Martin is LPP’s inaugural Chief Executive, having previously held the role of LPFA Chief Executive since December 2013. Prior to this she was Deputy Chief Executive (2011) and Acting Chief Executive (August 2013) having joined the LPFA in April 2007 as Director of Organisational Development. She has over 30 years of experience across all sectors in pensions, partnerships, mergers, acquisitions, organisational change and business development.

Susan sits on the Pensions and Life Time Savings DB Council, the LGPS Forum and the Investors Committee of the 30% Club, which aims to increase Board diversity. She is a regular speaker, writer and contributor to discussions on pensions, partnership working, leadership and business change in the UK and internationally. Susan has been recognised for her innovative work on asset and liability management and for her successful partnerships with other administering authorities and pension funds by her industry peers securing the Industry Achievement Award at the Portfolio Institutional Awards 2015 as well as being cited in the top most influential people in pensions and/or women in financial services.

Tom Richardson

Chief Risk Officer 

Tom joined LPP in July 2016 from the Maple Financial Group, where he  spent almost 20 years building his skills in different parts of the business. Since 2008, he has been the Chief Risk Officer (Market Risk), Global, a role that saw him driving the management and communication of the Group’s business line policies within an economic capital framework totalling £400mm.

His areas of responsibility included the measurement and reporting of  financial risk where he lead the design and implementation of risk  methodologies, policies and procedures to meet both internal and regulatory objectives, including Value at Risk, Credit Capital at Risk, scenario analysis and stress testing.

LPP Investments Board

LPP Administration Board

Executive Committee