Published: May 8, 2026

LGPS Central is pleased to announce the appointments of Alison Major Lépine as Head of Alternatives & Hedging Solutions and Lee Marshall as Investment Director of Global Property & Natural Capital.

These recent senior appointments represent another important step in the continued growth of LGPS Central as the Company strengthens its capabilities to deliver the expanded responsibilities set out under the Government’s Fit for the Future reforms and support for Partner Funds. As LGPS Central continues to scale, it is developing wider and deeper investment expertise, establishing a dedicated Local Investment team, and building a new strategic advice function. These appointments bring together talented people with diverse perspectives, deep expertise and a strong sense of shared purpose to deliver investment excellence, partnership and long-term value for Partner Funds, employers and members.

Alison Major Lépine, our new Head of Alternatives & Hedging Solutions, who will lead LGPS Central’s work in this area, brings more than 20 years’ experience in asset management, with deep expertise across alternatives and hedging strategies. She previously held senior roles at Absolute Return Partners (ARP), working in research and strategy, and spent nearly a decade at Railpen Investments, where she was responsible for managing hedge fund and absolute return mandates for one of the UK’s largest pension schemes. 

Lee Marshall, our new Investment Director of Global Property & Natural Capital, joins LGPS Central as a highly experienced real‑assets specialist. Most recently, he served as Head of Real Estate at the Pension Protection Fund (PPF), where he led on strategy and execution of a global portfolio. Prior to this, Lee spent over a decade in indirect property fund management roles at Aviva Investors and LaSalle Investment Management, working closely with pension fund clients and helping to launch global real‑estate investment strategies.

The appointments build on recent additions to LGPS Central’s senior investment team, including the introduction of Paddy Dowdall as Investment Director for Local Investment, and reflects the Company’s commitment to strengthening its investment capabilities.

Alongside these senior external appointments, LGPS Central continues to invest in its people, with a number of internal promotions including Fuad Ahmed, as Investment Director for Infrastructure. The internal promotions reflect the depth of talent within the organisation and its commitment to developing colleagues as part of their ongoing growth and transformation.

Alison Major Lépine, Head of Alternatives & Hedging Solutions, said: 

"I am delighted to be joining LGPS Central at such an important time. I look forward to building on the team’s strong foundations to deliver resilient, innovative investment solutions that support long-term outcomes for our Partner Funds."

Lee Marshall, Investment Director of Global Property and Natural Capital, said: 

“I am excited to be joining LGPS Central early in the journey to delivering a new fantastic property strategy for our Partner Funds. The opportunity set is really interesting right now, with megatrends like technology and demographics reshaping the investable universe. As a large-scale, long-term investor we’re perfectly positioned to take full advantage of these opportunities.” 

Jayne Atkinson, Chief Investment Officer, said: 

“LGPS Central’s growth to a £100bn asset manager, and the wider role we have been given under the Fit for the Future reforms, demands best-in-class investment capability. These senior appointments are a key part of building the scale, expertise and resilience required to serve our Partner Funds now and into the future.”