Executive Search Contract - Wolverhampton City Council

Executive Search Contract – Wolverhampton City Council

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.

Contract summary

Industry

Construction and Real Estate, Printing and Publishing

Location of contract

West Midlands

Value of contract

£60k

Published date

28 March 2017

Closing date

20 April 2017

Contract start date

02 May 2017

Contract end date

31 July 2017

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. £40bn.

LGPS Central will become an Alternative Investment Manager, and as such will be regulated by the Financial Conduct Authority (FCA). As a result some of the roles within the organisation will require ‘approved person’ status by the FCA.

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 three keys positions, split into two different lots (one for the Compliance/Legal/Risk posts and one for IT). 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, and the individuals are expected to be key in building the processes and operational capabilities of the company.

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 20 April 2017. These submissions 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.

Appointment(s) to the tender are expected to be made on or around 28 April 2017.

The appointments are split into 2 Lots:

Lot 1 – Chief Risk Officer (1) and Head of Legal/Compliance (1)
Lot 2 – Head of Information Technology (1)

There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both.