Doug Heron

Lothian Pension Fund is one of the largest projects of its kind, with over 85,000 members and an estimated 90 employers.
Charles River is a subsidiary of State Street.

The implementation of the Charles River Investment Management Solution (Charles River IMS) will also provide capacity for expansion of the fund’s third-party services, The Scotsman reports.

Doug Heron, chief executive of Lothian Pension Fund, said: “With an ambition to increase our internal investment capability and to eliminate the gap between us and the quality managers in the market, we’re strengthening a number of areas of our team and partnering with Charles River gives us access to core technology which supports operations and compliance arrangements. 

“Charles River’s solutions provide us with data and trading capabilities which allow us to stay up-to-date with state-of-the-art trading capabilities and remail compliant with ever-changing regulations.”