Group CEO of Universities Superannuation Scheme to step down in 2023

Bill Galvin, group CEO of the U.K.’s Universities Superannuation Scheme (USS), has decided to step down from his position next year after a decade in the role.

Dame Kate Barker, chair of the USS Board, is leading the search for his replacement.

During his tenure, Galvin steered USS through significant challenges, creating value for members: introducing an innovative hybrid pension offering: building a sector-leading in-house investment team; and creating a pension administration function that receives excellent ratings for service levels and decision support.

“A decade is a long time for a CEO to lead any organization,” said Galvin. “I believe it is important that organization leadership does refresh periodically, and earlier this year started to discuss the implications with Dame Kate. To my successor, I would say this: it has been an extraordinary privilege to play a part in the evolution of this incredibly important institution. I work with exceptiona