London CIV — the not-for-profit investment pool for London’s Local Government Pension Schemes (LGPS) — has appointed Aoifinn Devitt as its new chief investment officer.
Devitt has advised LGPS pension schemes since 2006, consulting on asset allocation and responsible investing, as well as the pooling process. Most recently she has worked as CIO at US-based wealth management firm Moneta.
Devitt has extensive experience in senior investment roles and was previously the head of investment for Ireland at Hermes Fund Managers, and CIO for the Policemen’s Annuity and Benefit Fund of Chicago. Recent experience also includes independent adviser roles to four local authority pension funds in the UK.
Originally from Ireland, Devitt spent her early career working in London as an investment banking associate at Goldman Sachs and a specialist consultant at Cambridge Associates Limited. Devitt also founded Clontarf Capital, a pan-alternatives research and consulting firm.
Devitt is a licensed attorney, who has been a member of the New York Bar since 1996. She earned her law degrees from Trinity College Dublin and Oxford University. She also earned her MBA from INSEAD in France and MSc in Applied Neuroscience from Kings College London.
Devitt also hosts and produces The Fiftyfaces Podcast, which showcases diversity and inclusion within the investments industry and other professions.
Commenting on Devitt’s appointment, Dean Bowden, CEO at London CIV, said: “Her extensive knowledge and experience including within the LGPS arena will add significant value to the investment proposition and business more broadly.”
Devitt added: “I’m thrilled to be joining the London CIV team as CIO, especially at a time of evolution and growth for London CIV. Having worked within the LGPS network for over 15 years, I am acutely aware of the importance of the role of London CIV in supporting our clients in the management of the LGPS.
“I am excited to build upon my work within the public sector to develop a suite of investment products that reflects the evolving imperatives around net zero goals, cash flow generation and portfolio resilience, and above all to working with a diverse group of clients at such a momentous time in their trajectory.”