LPP Partnership Holding Company Board
Chairman of LPP Partnership Holding Company Board, Non-Executive Director on LPP Investments Board, and Member of the LPP and LPPI Remuneration and Nomination Committee
Michael is also Chairman of Calculus VCT, the Channel Islands Competition and Regulatory Authorities, and is a Non-Executive Director of the pensions company Hedgehog.
Michael 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 Non-Executive Director of HM Treasury and Chair of the Treasury Group Audit Committee from 2008 to 2014 and a Non-Executive Director of Network Rail 2012 to 2018. 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 PricewaterhouseCoopers, 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.
Non-Executive Director and Chair of the LPP Investments Board
Sally is an actuary with pensions and investment experience both as an adviser and a trustee. She combines consultancy for Avida International with a number of complementary non-executive and advisory roles.
Sally is a non-executive director at insurer Royal London and at Impax Asset Management plc. She is a trustee at NEST Corporation, the Lloyds Bank pension schemes and the Nuclear Liabilities Fund.
An Honorary Group Captain with 601 (County of London) Squadron of the Royal Auxiliary Air Force, Sally is also a trustee of the RAF Central Fund. Sally was the first lady Master of the Worshipful Company of Actuaries in 2016-17 and currently serves on the Royal Society's Advisory Committee on Mathematics Education (ACME).
In her executive career, Sally served as the Chief Executive Officer of BP Pension Trustees Limited having previously spent twenty years with Aon Hewitt (originally Bacon & Woodrow) as a pensions consultant and in investment research and innovation.
In Professional Pensions' inaugural Women in Pensions awards, Sally was named a Role Model of the Year 2018.
Non-Executive Director and Member of the LPP Audit Committee
Sarah is an experienced financial services senior executive and non-executive director. She is a NED on the boards of United Trust Bank and Valoot Technologies, a Director of Citigroup (UK) Pension Trustees, and a member of the board of advisors of data.world. Sarah also serves as a Commissioner on the Civil Service Commission, an independent regulator which oversees appointments to the civil service. Sarah enjoyed a 17 year executive career at Citigroup, managing businesses across developed and developing markets. Sarah holds an MBA from the Wharton School of the University of Pennsylvania and the Financial Times Non-Executive Director Diploma.
Sarah has been recognised as one of the “100 Women to Watch” in The Female FTSE Board Report 2018, an annual benchmarking report and supplement published by Cranfield University, and is an Ambassador for Women on Boards UK.
Non-Executive Director, and Chair of the LPP and LPPI Remuneration and Nomination Committee
Jill embarked on her portfolio career in 2013 and holds a number of non-executive, trustee and chair positions mostly in the pensions arena. She chairs the Judical Pension Board having been appointed by the Lord Chancellor in 2014. She is the Chair of Trustees of the Legal Serviecs Commission Pension Scheme, Chair of the National Assembly for Wales Assembly Members Pension Scheme, and a board and trustee member at NEST Corporation where she is also Senior Independent Director.
Jill has enjoyed a successful career spanning 25 years focusing on leading organisations in their HR, shared services and organisational transformation activities. She has held senior leadership roles with a range of customer facing private sector organisations including Lloyds Bank, and until 2013 as an Executive Director at Virgin Media where she led internal service delivery.
Dermot 'Skip' McMullan
Shareholder Non-Executive Director (LPFA), and Member of the LPP and LPPI Remuneration and Nomination Committee
Skip 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 became Deputy Chair of the LPFA Board in 2017. He is also a Trustee of a number of charities.
Chief Risk Officer, Executive Director on LPP Investments Board and Member of the LPP Investments Risk Committee
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. From 2008, he was the Chief Risk Officer (Market Risk), Global, a role that saw him drive the management and communication of Maple's business line policies within an economic capital framework totalling £400 million.
Tom’s areas of responsibility included the measurement and reporting of financial risk where he led 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
Tom graduated from Loughborough University with a BSc in Economics and Politics. He also holds a Certificate in Securities from the Chartered Institute for Securities & Investment. At LPP, Tom is also responsible for ICT, facilities and operational and employer risk.
Sir Peter Rogers
Senior Independent Director and Chair of the LPP Audit Committee
Sir Peter has more than 19 years’ knowledge and experience of working within the public sector. Sir Peter is currently the 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 Liberata 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.
Interim Chief Executive, Chief Investment Officer & Managing Director LPP Investments Ltd
Chris is Interim Chief Executive, Chief Investment Officcer (CIO) and Managing Director of LPP's Investment business. Chris has been with LPP since its inception and is responsible for developing and enhancing LPP's investment strategies and solutions offering to clients. Prior to joining LPP in 2016, Chris was CIO at London Pensions Fund Authority, one of LPP's founding clients. Working collaboratively with Northern Pool, Chris founded and manages GLIL Infrastructure, an Alternative Investment Fund focused on investing in UK infrastructure assets.
Chris has 20 years of investment experience. He has held several senior positions including Head of Alternatives at SEB Investment Management, as well as founding and co-managing the multi-strategy team whilst a Principal at Old Mutual Asset Managers. Earlier in his career, Chris was trained as a risk manager at GNI Fund Management, before taking on investment management responsibility for hedge fund portfolios. Chris graduated from Manchester University and is a Chartered Alternative Investment Analyst.
Shareholder Non-Executive Director (LCC), and Member of the LPP and LPPI Remuneration and Nomination Committee
Councillor Schofield was elected to Lancashire County Council in May 2013 and re-elected in 2017. Prior to becoming a county councillor, Alan held senior financial management posts in the Water Services industry at several locations before moving to a local government career in 1992. He served in a metropolitan borough in Greater Manchester and then progressed upward at three local authorities in Cumbria and Lancashire, retiring in 2011. Alan is a life member of the Chartered Institute of Public Finance and Accountancy (CIPFA).
At Lancashire, he is a member of the Pension Fund Committee (now Deputy Chair); and participated from the outset in the high level working party deliberating on, and overseeing, the preparations and approval stages toward achieving the April 2016 establishment of LPP.
Also at Lancashire County Council, Alan chairs the Audit, Risk and Governance Committee. Outside the county council, Alan is a Trustee Director of a Citizens Advice Bureau and a Parish Councillor.
Chief Financial Officer
Adrian joined LPP in November 2018. With over 30 years of financial services experience, mainly in the asset and wealth management sectors, Adrian has a large firm background from Barclays Capital, JP Morgan Asset Management and Fidelity. Adrian's recent roles include Finance Director UK at Edmond de Rothschild, Partner and Finance Director at Killik & Co, and CFO at Sarasin & Partners.
Adrian qualified as a chartered accountant while at KPMG and is a fellow of the ICAEW. He graduated from Exeter University with a BA (comb hons) degree in Economics and Statistics.
Non-Executive Director, Non-Executive Director on LPP Investments Board and Chair of the LPP Investments Risk Committee
Robert is the Director of Global Pension Investments at GlaxoSmithKline (GSK), where he manages over £18 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.