Group Executive Committee

Carol became Group Chief Executive Officer in September 2023. Carol’s career spans over 20 years across in-house and consulting roles and includes a decade as an investment consultant. Prior to joining USS, Carol was the Director of Reward & Employment at Natwest Group. Carol is a CFA Charterholder and has served as independent trustee on a number of boards. She is a Special Committee Member of Nest’s Nominations and Remuneration Committee, a non-executive director of Pensions UK and has chaired Pensions UK policy councils and the CBI pension panel.

Dominic was appointed Chief Group Services Officer in 2024, having joined USS as Group Chief Financial Officer in 2017. Prior to USS, he worked as a Managing Director at Lehman Brothers, handling their insolvency following roles as EMEA Financial Controller, EMEA Mortgage Division Chief Financial Officer and EMEA Head of Expense Management and Procurement. Before Lehman Brothers, he held various CFO and divisional finance director roles at Genesis Housing Group, Balfour Beatty plc and Unilabs SA having qualified at PWC as a chartered accountant.

Claire joined USS as Group General Counsel in March 2026, having previously worked as Group General Counsel of Cardano and Deputy CEO of NOW:PENSIONS. Claire brings a wealth of experience in pensions, investment, governance and related legal issues as well as wider board and commercial experience in the pensions and investment industry. She was a member of the Cardano Group Board for five years and spent three years leading the Client Team of Cardano's defined benefit business. Before her time at Cardano, Claire was a private practice lawyer at Travers Smith LLP where she specialised in Mergers and Acquisitions, Private Markets and Investment Funds.

Mel was appointed Chief Pensions Strategy Officer in October 2024. She leads the functions covering Strategy and Insight, Proposition Development, Member and Employer communications, Stakeholder and Sector Engagement and Pensions Policy at USS. Before joining USS in 2015, Mel was Deputy Director at the Pensions Policy Institute (PPI), an independent research charity focusing on pensions and retirement savings issues, and prior to that Head of Research and Strategic Policy at PLSA (now Pensions UK). Mel started her professional career in the UK civil service, working as a senior economic advisor at HM Treasury, the Department for Work and Pensions and the Department for Education. Mel is a Governor and Board Director for the Pensions Policy Institute, a Board Director for the International Centre for Pensions Management, and a serving magistrate in Hertfordshire.

Piers is Chief Pensions Delivery and Technology Officer at USS, with executive responsibility for pensions delivery, encompassing administration, employer services and change, and the scheme’s core technology platforms.

Piers joined USS in 2015 as Scheme Change Programme Director, becoming Group Transformation Executive in 2017 and Chief Technology & Transformation Officer in 2021, before assuming his current role in late 2024. Across these positions, he has led large scale transformation programmes and major technology change. Prior to joining USS, Piers held a number of positions at JP Morgan over 17 years, spanning Securities Services, Investment Banking, Shared Services and Corporate functions.

Piers holds an MA in Marketing Communication from Bournemouth University.

Simon was appointed Chief Executive of the wholly owned investment management subsidiary of Universities Superannuation Scheme Limited (USS Investment Management Limited) in October 2019 to lead the team who are responsible for the management of scheme assets, both for the DB and the DC sections of the scheme, investing across both public and private markets. Approximately 70% of USS’s investments are managed in-house and USSIM has responsibility for selecting and overseeing third-party managers where these are used. USSIM is also the principal investment advisor to the scheme.

Simon started his career in asset management in 1987 at Morgan Grenfell before moving to Prudential in 1998, a year before it acquired M&G Investments. At M&G Prudential he led the Fixed Income and Alternatives businesses for two decades and latterly was also asked to Chair the Real Estate division.

He has a degree from Cambridge University.

Victoria was appointed as Chief Operating Officer of USSIM in April 2021, having served as the Deputy for that role since October 2019. She is responsible for the end to end USSIM support operating model, infrastructure and associated control framework, including oversight of group shared services providing support to USSIM. Victoria joined USS in October 2015 as Head of Governance and moved to be Chief Compliance Officer in September 2017. She started her career with Deloitte, where she qualified as a Chartered Accountant in 2010 and worked in the financial services audit practice. Prior to USS, Victoria was at Martin Currie Investment Management for 4 years – initially in the compliance team, and then as Head of Governance/Company Secretary for the firm.