New CIO for London's Largest Pension

Chris Rule, CIO, LPFAChris Rule has been appointed CIO of the London Pension Funds Authority (LPFA) six months after the incumbent left the role.

Rule joined the executive team of the £4.9 billion fund in October, according to the fund. He has held a range of senior positions in asset management in a career spanning 15 years, most recently as head of alternatives at SEB Investment Management.

Prior to this he was a principal at Old Mutual Asset Managers where he founded and co-managed the multi-strategy team.

His appointment comes six months after the sudden departure of Alex Gracian, who had been in the role a little more than two years. This exit came shortly after that of former CEO Mike Taylor, who had led the fund for several years.

The LPFA invests the retirement assets of several London boroughs and carries out administration functions for many others. Current CEO Susan Martin said this year that she would be building up its internal investment capability. In 2013, financier Edi Truell took over as chairman of the LPFA.

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