Executive Recruitment for LGPS

Tender description

LGPS Central Ltd. has been set up to manage the assets of 9 Midlands-based Local Government Pension Funds on a pooled basis, in line with the wishes and expectations of Central Government. The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date. The Funds currently have combined assets of c. £38bn. In order to ensure that the pool offers the Pension Funds both operational and investment performance excellence LGPS Central is looking to appoint individuals to six keys positions, split into two different lots (one for Executive positions and one for non-executive) and Executive Search Firms are being sought to assist in the recruitment of these skilled individuals. Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions. The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool. Submissions are sought from Executive Search Firms that have the experience and market presence to assist LGPS Central in the appointment of these key individuals, with a deadline for their return of 14th November 2016. These submission should not stretch to more than eight pages of A4, although CV’s of the key individuals that will be responsible for the search may be added as appendices. The appointments are split into 2 Lots: Lot 1 – Executive Posts Lot 2 – Non-Executive Posts There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both.