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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).  In October 2020 Rachel joined the board of the Investment Association, the UK asset management industry’s trade body, and in December 2021 she joined the board of Opera North. Rachel is a Cambridge maths graduate and a qualified actuary.

Head Shot of Rachel Elwell

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. 

Head Shot of Fiona Miller

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. 

Andrew Glessing

Chief Risk Officer (Interim)

Having started his career in the Life and Pensions sector, Andrew has worked in a range of risk and regulatory supervisory roles, including several years working in the FSA, where (among other things) he supervised a variety of asset managers.  Most recently Andrew was an Executive Director at Alpha FMC, a leading global provider of specialist consultancy services to asset owners and asset & wealth managers, where he was their Head of Regulatory Compliance & Risk Practice.

Ewan McCulloch

Chief Stakeholder Officer

Ewan is responsible for stakeholder management and engagement at Border to Coast and is responsible for all internal and external communications. He joined as Head of Policy and Communications in 2019, before becoming Chief Stakeholder Officer in 2022. Before joining Border to Coast he was Head of Communications for the Commercial Division at Lloyds Banking Group, and the Head of Public Affairs at Scottish Widows.

Francis Lake

Chief People Officer (Interim)

Francis joined Border to Coast in March 2023 to lead people strategy and the HR and Business Support teamsHe has an extensive career in shaping and delivering progressive people practice, including time at Lloyds Banking Group and Virgin MoneyHe is a Chartered Fellow of the CIPD, regularly speaks at conferences on subjects including purpose, culture, performance, future of work and adoption of AIHe is trustee to three charities in Scotland, and separately operates a People Advisory Consultancy specialising in progressive people practice.