Border to Coast to appoint John Harrison as interim Chief Investment Officer

John Harrison is to join Border to Coast as the interim Chief Investment Officer (CIO).  This follows the news the Daniel Booth, CIO since 2018, is leaving to establish a UK-based family office for a wealthy individual.

John has extensive asset management experience – having been the UK CIO for UBS, Managing Director of MJ Hudson and, most recently, the interim CIO for the British Airways Pension Fund.  He also acted as the interim CIO when Border to Coast was first launched and has continued to act as an advisor (which has included being a member of the Investment Committee).

On his decision to leave, Daniel Booth said:

“We’ve built something really special at Border to Coast.  Over the last three years we’ve built a strong and capable investment team, responsible for more than £34bn.  However, as we have grown, I’ve missed being involved in the day-to-day investment process.  Having been approached to establish a professional investment capability on behalf of a family, this role will allow me to focus more of my attentions on the areas of my job that I love.”

Rachel Elwell said:

Daniel has been instrumental in our development, leading on the launch of several innovative and cost-effective funds and building the industry’s understanding of and relationships with Border to Coast during his time here. He has developed a fantastic investment team, well-equipped to continue its great work serving our Partner Funds. While Daniel will be missed, we understand his reasons for leaving and wish him all the very best in his new endeavour.

 “In John we have an experienced CIO who understands both the LGPS and Border to Coast’s role within it. He is well placed to support the team as we continue in our efforts to make a difference for our Partner Funds.”

John Harrison said:

“”I have been involved with Border to Coast from the beginning and have been impressed by the development of the investment team and capabilities.  I look forward to supporting the team in the year ahead as we continue to develop and manage effective, long term and sustainable investments for our Partner Funds.”

John will formally join Border to Coast in January 2021.