Universities Superannuation Scheme names Carol Young as its new group CEO

Universities Superannuation Scheme (USS), the largest private pension scheme in the United Kingdom by assets, has appointed Carol Young as its new group CEO.

She will succeed Bill Galvin, who last year announced his decision to step down in September of this year.

Young most recently served as director of reward and employment at NatWest, a major retail and commercial bank in the United Kingdom. Prior to that, she spent nearly five years at Heineken U.K., where she served as head of pensions, and worked as an investment consultant for Mercer between 2000 and 2009.

“Bill is a very hard act to follow, but I have every confidence that USS will continue to thrive under Carol, who was the stand-out candidate in an outstanding set of applicants,” said Kate Barker, chair of the USS board, who led the search for Galvin’s successor. “Carol has a career-long interest in pension policy, is held in high regard across the pension sector and brings a relatively unique