By Muskan Arora
Aoifinn Devitt, the CIO of $18.57bn London CIV, will
step down from her role at the end of the year, as noted by a letter
distributed to shareholders on Thursday.
Devitt stepped into the role in early January. Devitt
succeeded Jason Fletcher, who was the CIO from 2020 to 2023.
To fill the gap between Devitt leaving and a successor
being appointed, Rob Treich, head of public markets at CIV will oversee the
investment team.
“While Aoifinn may be moving on, as one of the leading
thought leaders within the LGPS, I know she will continue to help London CIV on
its journey as the investment partner of choice for our partner funds,” said
Dean Bowden, CEO of London CIV, in a statement.
“With Rob’s support, we will continue to maintain momentum in
the planned program of launches and development of our service offering, during
the transition to a new CIO,” added Bowden.
London CIV has witnessed a high number of leadership turnover,
and the new CIO would be the fifth since 2017.
In 2019, CIO Mark Thompson resigned within a few weeks of
joining the role.
Prior to joining the role as CIO, she was the chair of
investment committee and chief global market strategist for seven months at
Moneta. She also served as a CIO for almost three years at the company.
She was the host of Fifty Faces for almost four years. She has
also served as the head of investments at Federated Hermes in Ireland for
almost three years.
Before that, she was the CIO of Policemen’s Annuity and Benefit Fund of Chicago for almost three years where she regulated asset allocation and strategic investments.