London CIV, the asset pooling company for Local London Government Pension Scheme assets, announced it has hired Aoifinn Devitt as its new CIO, effective January 15. The fund manages 14.3 billion pounds ($18.26 billion) in assets, as of March 31, 2023.
“I’m delighted that Aoifinn is joining London CIV as CIO,” said Dean Bowden, London CIV’s CEO, in a statement. “Her extensive knowledge and experience, including within the LGPS arena, will add significant value to the investment proposition and business more broadly.”
Devitt is currently CIO of the Moneta Group, a U.S.-based wealth management and investment advisory firm. Previously, Devitt had been head of Ireland investment at Federated Hermes; CIO of the Policemen’s Annuity and Benefit Fund of Chicago; and a founder of alternatives research and consulting firm Clontarf Capital. Other roles have included investment banking at Goldman Sachs in London.
Devitt earned law degrees from both Trinity College Dublin and Oxford University, an MBA from INSEAD and a master of science degree in applied neuroscience from King’s College London.
Devitt also hosts and produces The Fiftyfaces Podcast, which showcases diversity and inclusion within the investments industry and other professions.
“I’m thrilled to be joining Dean and the London CIV team as CIO, especially at a time of evolution and growth for London CIV,” Devitt said in a statement. “Having worked within the LGPS network for over 15 years, I am acutely aware of the importance of the role of London CIV in supporting our clients in the management of the LGPS.
I am excited to build upon my work within the public sector to develop a suite of investment products that reflects the evolving imperatives around net zero goals, cash flow generation and portfolio resilience, and above all to working with a diverse group of clients at such a momentous time in their trajectory.”
Devitt’s appointment comes after the U.K. Chancellor of the Exchequer Jeremy Hunt, of the governing Conservative Party, announced plans to prioritize pension and insurance company investment in U.K. assets, including private equity and infrastructure.
Tags: Aoifinn Devitt, CIO, Dean Bowden, London, London CIV