Edmund Truell appointed chair of LPFA

The industry veteran, who recently stepped down from the Pension Insurance Corporation, has been appointed to chair London's largest local government pension scheme provider.

Truell has been
appointed as
chairman of
the LPFA

Edmund Truell has been appointed as chairman of the London Pensions Fund Authority (LPFA) by Boris Johnson, the mayor of London. 

Truell has nearly 30 years of experience in private equity, pensions and debt markets. He founded Duke Street Capital, where he was executive chairman and group chief executive. In 2006 he and his brother Danny Truell co-founded Pension Corporation, whose insurance company, Pension Insurance Corporation, provides risk management solutions to pension funds. Edmund Truell left this business in September 2012, according to a statement.

In addition, Truell is chairman of Tungsten Corporation, a company that acquires insurance assets. He is also founder chairman of Disruptive Capital Finance, which incorporates a £30 million Sustainable Technology Fund, backed by the UK government. 

The LPFA is the largest local government pension scheme provider in London. It has fund assets of £4.2 billion and more than 80,000 members.

The LPFA is already a cost-effective pensions administrator for many public sector employers and aims to be the consolidator for many more, Truell said in a statement. “By growing our assets under management, the LPFA will be better able to invest into long term infrastructure and housing assets, thereby delivering long term returns as well as societal benefits,” he said.

“This appointment will give further impetus to the London Pension Fund Authority to deliver value for Londoners, provide long-term sustainable provision for its members and to explore new ways to invest funds including in London’s infrastructure,” Boris Johnson said in the statement.