New CE for Government Superannuation Fund Authority

Media statement – for immediate release – Thursday 17 May

New Chief Executive for Government Superannuation Fund Authority

and National Provident Fund

Simon Tyler, currently Head of Financial Markets at the Reserve Bank, is to be the new Chief Executive of both the Government Superannuation Fund Authority (GSFA) and the Board of Trustees of the National Provident Fund (NPF) from 1 July 2012.

GSFA and NPF established the joint Chief Executive position in 2001. The incumbent, Alan Langford, retires on 30 June after nearly eleven years in the joint position. He was originally appointed as Chief Executive of NPF in 1995.

In a joint statement, Keith Taylor, Chairman of GSFA and Catherine Savage, Chairman of NPF, said that Mr Tyler’s appointment followed a thorough executive search process and consideration by both Boards.

“He was chosen for his wide experience in financial markets, strong investment knowledge and proven leadership at a senior management level,” they said.

Mr Taylor and Ms Savage both paid tribute to Alan Langford who has been CEO since 2001, noting that he will be handing over two very well managed organisations to his successor.

“He led the GSF Authority from its inception through to a major independent review in 2011 which found that our organisation was well structured and managed, that the Fund’s objectives and strategy were based on sound principles and that investment performance had been satisfactory. The review made only minor suggestions for change. He also oversaw the development of the Authority as an active investor, and ensured continuous improvement in the service provided to members,” said Mr Taylor.

“Alan has been Chief Executive of NPF since 1995 and he has made an outstanding contribution over that time,” said Ms Savage. “Alan has managed the business through several major restructurings, and his wide knowledge of superannuation and investment markets has proved invaluable.”

Ends

© Scoop Media