Mayor of London Boris Johnson has recruited Edmund Truell as an adviser on pensions and investments.
Truell, who founded the Pension Insurance Contribution, will work to drive collaboration between public sector pensions funds, and increase infrastructure investments.
He will resign his current position as chair of the London Pension Fund Authority to take on the unpaid role, and will also be responsible for the creation of an advisory board for the Lancashire and London Pensions Partnership, the tie-up between the LPFA and the Lancashire County Pension Fund.
Johnson says: “If we now use this new partnership as a blueprint for further pooling of pension funds, we could have a war chest worth hundreds of billions of pounds and access to the kind of investment opportunities which have until now been the preserve of foreign sovereign wealth funds.
“I am therefore delighted that Edi has offered to maintain his links with City Hall and support the cause of further collaboration across public sector pension schemes.”