London CIV appoints Tesco Pension Investment’s Jenny Buck as CIO

London CIV has named Jenny Buck as its new Chief Investment Officer. Jenny was previously CIO at Tesco Pension Investment Limited, which she first joined in 2011 as part of its founding leadership team.

Jenny has more than 30 years’ experience in investment management, with extensive expertise in business and people management, asset allocation and investment solutions across multiple asset classes.

She first joined Tesco Pension Investment in 2011 and was part of the original leadership team that saw the business grow from a start up to one of over a 100 people, with £25bn of assets under management. During her tenure she held several senior roles, including Head of Property, Head of Private Markets and Deputy CIO, before being appointed Chief Investment Officer in 2021.

As part of that role, Jenny oversaw the UK gilts strategy, the build out of the Responsible Investment Department and the transition of the investment management of the c.£12.9bn Tesco Defined Benefit Pension Scheme to Schroders (February 2024).

Jenny also brings a wealth of experience in private markets having at one stage been responsible for the annual deployment of over a £1bn p.a. into private markets across private equity, infrastructure, private credit, absolute return strategies as well as real estate.

Prior to Tesco, Jenny spent nearly 10 years at Schroders, where she was Head of Global Property Fund of Funds. Here, many of the clients were local authority mandates, providing her with familiarity of the governance nuances within the public sector.

Commenting on Jenny's appointment, London CIV’s CEO, Dean Bowden, said: “Given the government’s recent decision to redefine how LGPS pools across England and Wales work together with their Partner Funds in the coming months and years, Jenny’s appointment comes at a pivotal time for the London LGPS community.

“Her extensive experience will play a crucial role in our ability to work even closer together, increase efficiency, drive down costs and compound value for London’s LGPS members.”

Jenny added: “I am thrilled to be taking on this exciting role and am very much looking forward to working with the team and the partners of the London CIV who, I know, are all focused on delivering sustainable prosperity for the communities that count on us.”

Jenny Buck will take up her new role as London CIV’s CIO in early March 2025.

Editor notes:

About London CIV London LGPS CIV Ltd (‘London CIV’) is the investment pooling vehicle for London-based Local Government Pension Schemes (LGPS), which have combined assets of £50.8bn AUM (at March 2024). Authorised and regulated by the Financial Conduct Authority ('FCA'), the pool is owned by all 32 London boroughs and the City of London (also known as London CIV’s Partner Funds).

65% of London LGPS assets are pooled or under pooled management (c.£32.8bn), as at 31 October 2024. Within London CIV, there are 20 funds that invest in public markets and eight that invest in private markets, all of which have been designed with and are exclusively available to our Partner Funds.

Our purpose is to work together to deliver sustainable prosperity for the communities that count on us all.

For press enquiries, contact:

Richard O’Donnell
Head of Marketing
richard.odonnell@londonciv.org.uk
+44 (0)7908 967 494