Lothian Pension Fund appoints Doug Heron as new chief executive

The £6.7 billion ($8.5 billion) Lothian Pension Fund has appointed Doug Heron as its new chief executive. Lothian Pension Fund is the second largest Local Government Pension Scheme in Scotland.

Heron will take up his appointment in February 2019.

Heron is joining from Edinburgh-based investment platform Nucleus Financial. During his four years there, he held the roles of CFO and COO. Prior to joining Nucleus, Heron was the finance director of private bank Adam & Company and previously held senior roles in RBS in the United Kingdom and China.

He succeeds Clare Scott who is leaving the fund in December after 13 years, the last six years as CEO.

Announcing Heron’s appointment, Councillor Alasdair Rankin, Convener of the Pensions Committee, said, “I am delighted that Doug will be joining us as our new CEO. He was the unanimous choice of the appointments panel, and I believe he is ideally qualified to continue the successful delivery of the Lothian Pension Fund’s work and look forward to working with him.”