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Universities Superannuation Scheme appoints JP Morgan veteran to board

first_imgHe will be working with former AXA Investment Managers chief executive Virginia Holmes, named chairman of USS IM’s board last year after spending eight years as a director at USS.USS IM was established in late 2012 to oversee the majority of the fund’s £38bn (€45bn) in assets, with former USS CIO Roger Gray at the time named as its chief executive.Shortly after, the fund saw its long-serving chief executive Tom Merchant announce his retirement, with the head of The Pensions Regulator, Bill Galvin, being named as his successor last March. USS Investment Management – in-house manager to the UK’s second-largest pension fund, the Universitities Superannuation Scheme (USS) – has appointed a new non-executive director to its board.Clive Brown, a 20-year veteran of the investment management industry, spent much of his career at JP Morgan and its predecessor companies – most recently as global COO of JP Morgan Investment Management.In his time at JP Morgan, Brown was also chief executive of its Asian and European asset management businesses, and head of its international business unit.Brown, who has also spent time at consultancy PwC and Jardine Fleming’s Asian operation, joined USS IM’s board in early January, a spokesperson for the manager confirmed to IPE.last_img read more

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