Investment Board

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. She led the teams responsible for Reward, Pensions, Benefits, performance management, core HR employment policies, Employment Law, Industrial Relations, Business Acquisitions and Disposals and HR regulatory work. This included the flexible benefits programme for more than 60,000 colleagues, and DB and DC pension arrangements for around 300,000 members (over c.£55bn liabilities) worldwide. Carol is a CFA Charterholder and has served as independent trustee on a number of boards. She is a non-executive director of the PLSA and has chaired PLSA policy councils and the CBI pension panel.

Bronte joined the USS Investment Management Limited Board in January 2024 and is also Chair of the USSIM Transaction sub-Committee. Bronte has over two decades of experience in infrastructure and private markets, both key areas of interest for USS. As Head of Infrastructure Equity Europe at UBS Asset Management’s Real Estate and Private Markets, Bronte was responsible for originating and executing infrastructure transactions and managing infrastructure investments in a variety of jurisdictions across Europe. She also served as an investor director on a number of investee company boards.

Prior to her time at UBS Asset Management, Bronte was an executive director at UBS Investment Bank where she gained extensive experience as an advisor within the infrastructure sector. Bronte graduated with a Bachelor of Laws and Bachelor of Commerce from Murdoch University, Western Australia and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia.

Richard joined the USS Investment Management Limited Board in January 2024. Richard is a senior financial services professional with over 30 years of international experience, specialising in Risk and Compliance. Richard is currently a non-executive board director and chair of the board of EFG Private Bank Limited. Richard was previously a non-executive board director and chair of the Risk Committee for Credit Suisse’s UK Private Bank and Wealth Management business. He also served on their Audit, Nomination, and Remuneration Advisory Committees.

Before embarking as a board director, his executive career spanned a number of permanent and interim senior Chief Risk Officer and COO roles at USS, LSEG, Standard Chartered Bank, UBS and ING. Richard is a Chartered Accountant and holds a BA in Mathematics from Oxford 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 manage the assets of USS, for both DB and DC sections of the scheme, investing across both Public and Private Markets. The majority 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 before being asked to become Chairman of Real Estate with a combined team of over 500 employees and around £160bn in assets. He was also a member of the Executive Leadership Team. During his tenure at M&G Prudential, Simon championed innovation and pioneered new products in Europe, for example: Leveraged Finance, Infrastructure Private Equity, Commercial Mortgage Lending and, more recently, Specialty Finance and Impact Investing.

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.