The board

Information on the current directors of Universities Superannuation Scheme Ltd:

Professor Sir David Eastwood

Chairman
Appointed by UUK

Professor Sir David Eastwood became Vice-Chancellor of the University of Birmingham in April 2009. Former posts include Chief Executive of the Higher Education Funding Council for England (HEFCE), Vice-Chancellor of the University of East Anglia (UEA) and Chief Executive of the Arts and Humanities Research Board. Before that he held a Chair in Modern History at the University of Wales Swansea, where he was also Head of Department, Dean and Pro-Vice Chancellor. He was a Fellow and Senior Tutor of Pembroke College (1988-95), and is an Honorary Fellow of St Peter's College, Oxford, from where he graduated in 1980, and of Keble College, Oxford from 2006. He became a Director of USS in 2007.

Dr Kevin Carter

Director
Independent

Kevin Carter is Chair of Murray International Trust PLC and of JPMorgan American Investment Trust PLC, and a non-executive director of Aspect Capital Limited. He is a trustee director of the BBC Pension Trust Limited, and Chair of its Investment Committee, a role he also performs at USS.

He was Chief Executive of Old Mutual Asset Managers (UK) Limited from 1987 to 2000 and Chief Executive of Old Mutual Asset Managers (US) LLC from 2000 to 2001. He then became a senior investment consultant and ultimately European Head of Investment Practice at Watson Wyatt. Subsequently he joined JP Morgan in London as a Managing Director and Head of the EMEA Pension Advisory Group.

Dave Guppy

Pensioner Director
Appointed by UCU

Dave Guppy was appointed in October 2017. Now retired, he worked in the computing service at University College London from 1979 to 2009. Prior to that he worked in similar roles at the London Hospital Medical College, a software cooperative and IBM.

He was President of University College London Association of University Teachers from 2002 to 2004 and served as Vice-Chair of the national AUT Computer Staffs Committee from 1998 to 2003. He is also a member of the UCU Superannuation Working Group.

He was a member of the National Executive Committee of the University and College Union and previously held the position of UCU appointed Director of USS from 2005 to 2011.

Gary Dixon

Director
Appointed by UUK

Gary trained as a Chartered Accountant with PwC after graduating in 1987 from the University of Leicester in Physics with Astrophysics. In 1994 he joined the banking and pensions focused financial services group, Pointon York, where he was subsequently appointed Group CFO. He is a Fellow of the ICAEW and holds an MBA from Warwick Business School.

In 2000 he formed the Compliance Solutions group which provided regulatory consultancy and risk advisory services to regulated firms. Following the sale of this group in 2007 to a global plc, Gary took on a number of Non-Executive Directorships within regulated, and not for profit, organisations.

Gary has been a lay member of Council at the University of Leicester since 2009, presently holding the Treasurer role and is the Chair elect for August 2019.

Kirsten English

Director
Independent

Kirsten English has over 25 years' experience in FinTech and Financial Services internationally. She has held roles as CEO, General Manager and Non-Executive Director across FTSE 250, FTSE 350 and Private Equity backed businesses inter alia. Until recently Kirsten was CEO and Executive Chair of Style Research, a leading provider of portfolio analysis software and research. She worked for Reuters for over 16 years including as CEO of their Norwegian and Icelandic operations. She was one of the co-founders of and General Manager at Radianz – the low latency network company built for financial markets, which sold to BT in 2005. She has also worked for several Private Equity companies on FinTech acquisitions including Warburg Pincus (NY) where she was Entrepreneur in residence and eFront (Francisco Partners) as a portfolio company Non-Executive Director. Kirsten was one of the original board members and remains a Non-Executive Director of Innovate Finance (the UK Financial Technology Industry Membership Association). In total Kirsten has served on 12 boards in the UK and internationally. Kirsten is a graduate of St Anne's College, Oxford and the Wharton Business School Executive Program and speaks fluent Norwegian.

Kirsten joined the trustee board on 1 May 2014. She is chair of the Governance and Nominations Committee and a member of the Audit Committee.

Professor Jane Hutton

Director
Appointed by UCU

Professor Hutton was appointed in November 2015. She studied at the Universities of Edinburgh, Cambridge and London; her PhD is from Imperial College. She has been a professor of statistics at the University of Warwick since 2004.

She is a Chartered Statistician, a Fellow of the Royal Society for Arts, Manufactures and Commerce, an elected Fellow of the International Statistical Institute, and held a Royal Society Wolfson Research Merit award from 2013-2017.

Her statistical research, in survival analysis, meta-analysis and non-random data, has had impacts on clinical guidelines and in legal cases in several countries. She has also written extensively on ethics and philosophy of statistics in health care. She has a strong commitment to graduate statistical education in developing countries.

Ian Maybury

Director
Independent

Ian Maybury joined Schroders in 2012 as the Head of Solution Management and has previously worked for Redington, Citigroup and Royal London in various actuarial and management roles. He currently combines a portfolio of trustee, investment, DC and non-executive roles.

An experienced executive, initially trained as an actuary in and insurance company, with particular expertise in investment and risk management, he has occupied a number of key trustee positions for much of his career. He is currently a pension scheme trustee at RNIB, the Mineworkers’ Scheme and John Lewis. In addition he supports the investment committees for the Relx and BA pension schemes and is a member of the DC Committee for the Unilever UK Pension Scheme. Most recently he has taken on the role of non-executive director for BAPIML Ltd, the in-house asset manager for the BA pension schemes. Ian has a keen interest in the governance of DB and DC pension schemes as well as financial services and pension regulation.

Michael Merton

Director
Independent

An alumnus of the Senior Management Development programme at Harvard University and a Fellow of the Institute of Chartered Accountants in England & Wales, Michael Merton worked for Rio Tinto from 1976 – 2009. He was formerly the Group Financial Controller and Member of the Executive Committee and held the position of CEO for Lihir Gold, a Rio Tinto managed operation based in Papua New Guinea and Australia, between 1997 and 2000. He fulfilled the role of CFO for some of the firm's operations in the UK, France and the USA between 1984 and 1997, and became Head of Global Business Services in 2005. Michael served as a non-executive director on the board of Cape plc between 2011 and 2017 and was Chairman of the J Sainsbury Pension Scheme and its investment committee until 2018. He was also a trustee of the HALO Trust. Michael is currently serving as a director and chair of the audit committee of BlackRock Commodities Income Investment Trust Plc. He is also a director of Returnstance Property Management Limited. Michael became a director and chair of the audit committee of USS in February 2014.

Professor Anton Muscatelli

Director
Appointed by UUK

Anton Muscatelli became Principal and Vice-Chancellor of the University of Glasgow on 1 October 2009. He studied at the University of Glasgow, where he graduated with an MA in Political Economy and with a PhD in Economics. He was a lecturer in Economics from 1984 and Daniel Jack Professor of Economics from 1992 until 2007. He was Dean of the Faculty of Social Sciences, 2000 to 2004, and Vice-Principal (Strategy, Budgeting and Advancement) from 2004 until 2007. He was Principal and Vice-Chancellor of Heriot-Watt University from 2007 to 2009.

Rene Poisson

Director
Independent

Rene Poisson became a director of USS in November 2012 having retired after a 30 year career with JP Morgan latterly as Managing Director and Senior Credit Officer for Europe, Middle East and Africa. Over the last 20 years he has been a trustee of JP Morgan's London Office Retirement Plan, chair of the Independent Governance Committee of Standard Life Assurance PLC. He is currently chair of the board of JP Morgan's UK Pension Plan, a senior Adviser to N.M.Rothschild and a director of the Standard Life Master Trust. Rene is a patron of the Disability Challengers Charity.

Will Spinks

Director
Appointed by UUK

Will Spinks was appointed in September 2018. He has worked in higher education since 2007, initially as the first Chief Operating Officer at Loughborough University and subsequently as the Registrar, Secretary and Chief Operating Officer at the University of Manchester.

Before moving into the Higher Education sector, Will pursued a career in ICI, Zeneca and AstraZeneca working in a number of businesses and functions in both the UK and USA. This culminated in him establishing and leading a Business Services organisation providing services to all AstraZeneca's UK sites. From 2001-2007, he also acted as Site Manager at AstraZeneca's then largest R&D site globally, Alderley Park.

He is formerly a Director of AstraZeneca Pensions Trustee Limited and a UUK-nominated member of USS' Joint Negotiating Committee.

Will's other activities include acting as Chair and Trustee Director of a number of charitable community groups, including the East Cheshire Hospice.

Dr Steve Wharton

Director
Appointed by UCU

Dr Steve Wharton was appointed in September 2016. He is a Senior Lecturer in French and Communication at the University of Bath. His research interests include political communication; contemporary French politics, culture and society; and contemporary LGBTIQ activism from a comparative Franco-British perspective. A Fellow of the Royal Society of Arts, Manufactures and Commerce, he is Honorary Vice Secretary of the Association for the Study of Modern and Contemporary France having previously served as both its Treasurer and Honorary Secretary twice in each office, and was Chair of Directors of Bath Royal Literary and Scientific Institution February 2013- March 2019. Steve is currently Interim Head of Governance at the University of Bath (a consultancy role held from mid-February to 31 July 2019).

The last national President of AUT and first (joint) President of UCU, he served as a member of the USS's Advisory Committee for three years.

In 2012 the French government made him Chevalier dans l'Ordre des Palmes Académiques for services to French culture.


The Trustee Board has a crucial role to play in how USS is run – so we asked some of our directors to talk us through its composition and how its decisions are made. We also took the chance to ask them to share their thoughts on the scheme as a whole, gender diversity, and engagement with the Pensions Regulator. You can hear from them directly in these films .

Last updated: about 16 days ago