Rachel Elwell
Chief Executive Officer
Rachel joined Border to Coast as CEO in November 2017 with more than 20 years’ experience working in pensions and institutional investment (at PricewaterhouseCoopers and Royal London Mutual Insurance Society). Rachel sits on the boards of the Investment Association (the UK asset management industry’s trade body), Opera North, where she is Vice-Chair, and the Just Finance Foundation. She is also a member of the British Infrastructure Council. Rachel is a Cambridge maths graduate and a qualified actuary
Fiona Miller
Deputy Chief Executive Officer
As Deputy CEO, Fiona has a span of responsibilities including Chief Finance Officer and Chief Operating Officer, encompassing legal, governance, ICT, change, and investment operations. Fiona played a lead role nationally on shaping the LGPS pooling regulations, working across both national and local government to shape the initial frameworks, and was a founding member of Border to Coast, joining from Cumbria County Council. Fiona has over 30 years’ experience in finance, ICT, and operational restructuring across both the public and private sectors.
Fiona continues to support the development of pooling in the UK and represents the LGPS pooling companies on the LGPS Scheme Advisory Board Investment Committee and Compliance and Reporting Sub-Committee, and from October 2023 will take up the position of Chair of the Lancashire Pension Board. She is also a member of the Bank of England’s Decision Makers Panel. Fiona is a qualified Chartered Management Accountant.
Joe McDonnell
Chief Investment Officer
Joe joined Border to Coast in January 2023 and leads the investment team. He has extensive investment experience, formerly as Managing Director, Head of Portfolio Solutions at Neuberger Berman, where he focused on designing and overseeing multi-asset mandates, engaging with strategic partners, and identifying solutions for clients. He has held several other investment leadership roles, including ten years at Morgan Stanley where he had several LGPS clients and, before that, managing the internal asset management businesses for Shell and IBM’s pension funds.
Austin Bodunrin
Chief Risk Officer
Austin Bodunrin is responsible for implementing risk and compliance across Border to Coast, ensuring the pool’s continued resilience as an FCA-regulated asset manager. Previously of IFM Investors and a former Chief Risk Officer at the Department for Housing, Communities and Local Government, Austin will lead on risk management for Border to Coast.
Ewan McCulloch
Chief Stakeholder Officer
Ewan is responsible for stakeholder management and engagement at Border to Coast. As part of this he leads the Customer Relationship Management team which supports the services provided to Border to Coast’s Partner Funds, who are both our shareholders and our customers; and the Policy & Communication team, which is accountable for the strategic development and implementation of Border to Coast’s external & internal communications and policy activities. Prior to joining Border to Coast in 2019, Ewan had several roles in Lloyds Banking Group. Ewan sits on the Policy Board of the Pensions & Lifetime Savings Association.
Louise Bryan
Chief People Officer
Previously Head of People Partnering at Lloyds Banking Group, Louise has more than 20 years’ experience as a HR professional. Her successful track record includes strategic business partnering covering risk, large scale customer and service operations, tech and product development, and talent and executive development.
