25 Sep 2019 Mark Thompson resigns as CIO
Mark Thompson resigns as CIO
London CIV has announced that Mark Thompson has resigned from his role as Chief Investment Officer.
Mark joined London CIV at the start of September but has decided that he could not commit to the demands of the role. Mark’s resignation will take effect immediately.
In announcing his resignation, Mark Thompson commented “for personal and family reasons, I have decided to resign as the CIO of London CIV. I have concluded, after further personal reflection, that I am not ready for a return to a full-time and demanding role and that I cannot therefore commit fully to the London CIV. I currently intend to follow a path away from a full-time executive role to spend more time with my family.
In no way is this a reflection of London CIV and its objectives. In my short time at the London CIV I have been impressed by the talented and hardworking individuals, who share a common goal of meeting the company’s objectives for its clients. I wish them all well in this important and valuable endeavour.”
Mike O’Donnell, CEO of London CIV, said that he was “sad that Mark had decided to resign but understand his reasons for doing so.” Mike O’Donnell added that he and the Board are “focussing on future resourcing on both an interim and permanent basis and will be particularly keen to recruit somebody to lead on ESG work in advance of a new permanent CIO appointment.”
London CIV has recently announced the availability of new funds, with further funds under development. London CIV assets under management and oversight have grown to over £19 billion representing 50% of London’s total assets under management.