London Collective Investment Vehicle is looking to hire a new chief investment officer after its former CIO stepped down.
The deadline for applications is February 2, according to a listing on London CIV’s website. The fund had more than £19 billion ($24.85 billion) of assets under management and oversight as recently September, when London CIV announced that Mark Thompson resigned as CIO.
London CIV represents 32 local authorities that have combined their pension funds to lower fees and reduce custody costs, according to the its website. According to the job listing, the fund’s ideal CIO will lead its fund development strategy and investment team, provide effective reporting to the board and its committees, and work with London local authority officers to understand investment needs.
The London CIV is seeking someone who previously worked as a head of investments or as a CIO, and who has experience in asset allocation and investments, including manager selection, the listing shows. A spokesperson for London CIV did not return an email seeking comment on Friday.
The search is being conducted by recruiting firm Korn Ferry, which is in the midst of a search for two board members for litigation finance firm Burford Capital. Korn Ferry previously found a CIO for the Los Angeles County Employees Retirement Association.
A spokesperson for Korn Ferry did not return a phone call and email seeking comment on London CIV’s search.
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London CIV’s former CIO Mark Thompson, resigned after less than a month in the role as he could not commit to its demands, according to the September announcement. In the statement, Thompson cited “personal and family reasons” for his decision, concluding he was “not ready for a return to a full-time and demanding role.”
According to Thompson’s LinkedIn page, he is now working part-time as a trustee for the Prudential Staff Charitable Trust. He did not return a message on LinkedIn seeking comment.
