Published date: 19 June 2017

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 20 April 2017

Contract summary

Industry

  • Recruitment services - 79600000

Location of contract

West Midlands

Value of contract

£60,000

Procurement reference

PP17068/2

Published date

19 June 2017

Closing date

20 April 2017

Contract start date

2 May 2017

Contract end date

31 July 2017

Contract type

Not specified

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

LGPS Central Ltd. has been set up to manage the assets of 9 Midlands-based Local Government Pension Funds on a pooled basis, in line with the wishes and expectations of Central Government. The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date. The Funds currently have combined assets of c. £40bn.

LGPS Central will become an Alternative Investment Manager, and as such will be regulated by the Financial Conduct Authority (FCA). As a result some of the roles within the organisation will require 'approved person' status by the FCA.

In order to ensure that the pool offers the Pension Funds both operational and investment performance excellence LGPS Central is looking to appoint individuals to three keys positions, split into two different lots (one for the Compliance/Legal/Risk posts and one for IT). Executive Search Firms are being sought to assist in the recruitment of these skilled individuals. Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions. The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool, and the individuals are expected to be key in building the processes and operational capabilities of the company.

Submissions are sought from Executive Search Firms that have the experience and market presence to assist LGPS Central in the appointment of these key individuals, with a deadline for their return of 20 April 2017. These submissions should not stretch to more than eight pages of A4, although CV's of the key individuals that will be responsible for the search may be added as appendices.

Appointment(s) to the tender are expected to be made on or around 28 April 2017.

The appointments are split into 2 Lots:

Lot 1 - Chief Risk Officer (1) and Head of Legal/Compliance (1)
Lot 2 - Head of Information Technology (1)

There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both.

More information

Previous notice about this procurement

LGPS Central Recruitment

  • Opportunity
  • Published 19 June 2017, last edited 19 June 2017

Attachments

Links

Additional text

Submissions must be made via the e-tendering portal. Please allow sufficient time for uploading your response (closes at 12 noon).

Award information

Awarded date

19 June 2017

Contract start date

20 June 2017

Contract end date

29 September 2017

Total value of contract

£16,000

This contract was awarded to 1 supplier.

Hays Plc

Address

250 Euston Road
London
NW1 2AF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

Lot 2 Only

About the buyer

Contact name

Jessica Prince

Address

Civic Centre
St. Peter's Square
Wolverhampton
WV1 1RL
England

Email

jessica.prince@wolverhampton.gov.uk