The £10 billion Lothian Pension Fund (LPF), the second largest Local Government Pension Scheme (LGPS) provider in Scotland, announced the appointment of Jennifer O’Brien as its new chief financial officer.

LPF said O’Brien succeeds Alan Sievewright, who has “moved to a new role.”

“Jennifer brings over 20 years’ experience in financial leadership across regulated and complex financial services organisations,” said LPF.

“She has held senior roles in both smaller businesses and large corporates, including Aegon, RBS, and M&G, where she served as Divisional CFO and led finance strategy, transformation, and M&A integration.

“Jennifer has extensive expertise in strategic finance, governance, risk management and financial stewardship, with a strong track record of supporting sustainable, long-term value creation.

“She brings a collaborative, commercially grounded approach to working with boards, investment teams and stakeholders, with a focus on financial discipline, operational effectiveness and delivering secure outcomes for members.”

Lothian Pension Fund CEO David Vallery said: “I’m pleased to welcome Jennifer as our new chief financial officer.

“With a strong track record in senior finance leadership roles, Jennifer brings a wealth of knowledge and experience that will help us build on our achievements and continue to provide outstanding pension and investment services as a leading local government pension scheme.”

O’Brien said: “I am delighted to be joining Lothian Pension Fund and look forward to contributing to its strong track record of prudent financial management and governance, and to supporting the delivery of secure long-term outcomes for members, employers and partners.”

Lothian Pension Fund (LPF) administers the Local Government Pension Scheme (LGPS) in Edinburgh and the Lothians. It is a multi-employer scheme with more than 93,400 members and 56 employers.