Chief Investment Officer

Wales Pension Partnership Investment Management Company; United Kingdom; Hybrid; GBP 80,000 - 110,000; Full time

Job summary

A public pension investment firm in the United Kingdom seeks a Chief Investment Officer to lead their investment function and shape their investment strategy. Ideal candidates will have a strong background in institutional investment management, asset allocation, and fiduciary advisory. The role offers a competitive salary, bonuses, and benefits with a hybrid working model requiring time in Wales.

Benefits

Competitive salary

Generous pension

Bonuses and benefits

Hybrid working

Qualifications

• Experience as a Chief Investment Officer or senior consultant ready for advancement.
• Deep experience in asset allocation and investment management.
• Collaborative and confident leadership style.

Responsibilities

• Lead and build the investment function.
• Set and deliver the organisation’s investment strategy.
• Ensure fiduciary duty and performance standards are met.

Skills

Institutional investment management

Fiduciary advisory

Multi-asset portfolio construction

Leadership style

Job description

Overview

Chief Investment Officer (Executive Director, SMF3)

WPP IM Co is being established as an FCA-regulated investment management company to serve the eight Welsh Local Government Pension Scheme funds, managing more than £25 billion for 412,000 members. This is a once-in-a-generation opportunity to help shape a permanent, world-class investment institution for Wales and to design and lead the investment capability of a new, regulated company at the heart of UKLGPS reform. With Government backing and authorisation targeted for March 2026, WPP IM Co will operate to global standards with a Welsh purpose, combining professional excellence with a clear public mandate. Over time, the company will channel long-term pension capital into clean energy, affordable housing, innovation and other investments that strengthen Wales and the UK, demonstrating how responsible investment can serve members and the communities they live in.

The organisation is seeking its first Chief Investment Officer to lead the investment function of this new institution and obtain FCA Senior Management Function (SMF3) approval on authorisation. Reporting to the CEO, the CIO will set and deliver the organisation’s investment strategy, oversee external managers and allocators, and ensure the company meets high standards of fiduciary duty, performance and responsible investment.

Responsibilities

• Lead and build the investment function, covering strategy implementation, investment advice, local investments and legacy assets.
• Set and deliver the organisation’s investment strategy; oversee external managers and allocators.
• Ensure fiduciary duty, performance and responsible investment standards are met.
• Play a pivotal role in mobilisation, authorisation and launch; shape the investment model from inception.
• Collaborate with the executive team and stakeholders to balance long-term performance with purpose.

Qualifications & Experience

• Experience as a Chief Investment Officer or as an experienced institutional investor or senior consultant ready to advance to this role.
• Deep experience in institutional investment management, asset allocation or fiduciary advisory; strong understanding of multi-asset portfolio construction, risk and manager oversight.
• Collaborative and confident leadership style with ability to engage across stakeholders.
• Ability to balance long-term performance with purpose.
• Knowledge of the LGPS or public sector pensions is desirable; Welsh connectivity or experience is advantageous. Ability to speak Welsh is not essential, but would be beneficial.

Remuneration & Location

Salary competitive; bonus, generous pension and benefits. Hybrid working, with regular time in Wales.

Additional Information

For further information, please visit the website www.odgers.com/94752 or contact the Odgers Wales team for a confidential conversation in English or Welsh at 02922 947009 or via [e-mail] (note: plain-text contact details provided).