Portfolio Manager - External Management - #2078554

Portfolio Manager – External Management

Leeds (hybrid with 3 days per week in the office)

An opportunity to make a difference

At Border to Coast, our purpose is to make a difference, and we are looking for a Portfolio Manager to join our award-winning External Management team.

As a customer-owned, customer-focused organisation, we value integrity and a collaborative, sustainable approach. Our purpose is to help secure the pensions of more than a million people who have served their communities and wider society. We are the largest UK asset manager outside London and Edinburgh, providing innovative investments designed to deliver sustainable long-term returns.

We are recruiting for this role to strengthen our external management capability, which leads and develops equity and fixed income sub-funds totalling £17bn and is expected to grow significantly over the next 18 months. This is an exciting opportunity to join a flourishing asset manager in a broad portfolio management role, including helping to shape the strategic direction of the external fund range.

About the role

Border to Coast currently manages c.£17bn of equity and fixed income assets through a carefully selected range of external fund management partners, alongside selected internal capabilities. We are looking for a Portfolio Manager with extensive experience managing multi-asset and externally managed portfolios across public markets. Success in this role will depend on your ability to lead and drive portfolio management activity across the range, ensuring the collective sub-funds deliver a well-defined suite of externally managed capabilities that complement Border to Coast’s internal investment functions. This will include contributing to the strategic development of the fund range to evolve the portfolio in line with Partner Fund needs, while also adding to broader investment management expertise across the business.

In addition, the Portfolio Manager will work closely with both external and internal portfolio managers supporting the underlying sub-funds, as well as with Border to Coast’s Partner Funds.

About You

Ideally CFA-qualified, you will have a proven track record of managing multi-asset, multi-manager, externally managed or OCIO portfolios across public markets.

You will be comfortable operating within a multi-asset framework, with experience in strategic and dynamic capital allocation across asset classes, strong portfolio construction and risk management skills, and robust due diligence of external managers across public market asset classes. An understanding of how multi-asset funds operate in a regulated environment, including the associated operational and regulatory obligations, is also important.

To succeed in this role, you will thrive in a collaborative team environment, bring strong communication skills, and be motivated to build external relationships with underlying investors and local government pension committees. Strong candidates will also be comfortable thinking strategically about the development of the fund range, including contributing to internal governance forums and supporting implementation.

About us

Based in Leeds, Border to Coast is the largest LGPS (Local Government Pension Scheme) pool in the UK. It is owned by 18 Local Government Pension Schemes funds (‘Partner Funds’). The Partner Funds represent nearly 5,000 employers and 2 million members.

The Partner Funds are Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear, Northamptonshire, Cambridgeshire, Hertfordshire, Essex, Kent, West Sussex, East Sussex and Warwickshire.

The Partner Funds have c.£120bn in investments which Border to Coast is directly responsible for the management or oversight (as of 1 April 2026).

Border to Coast Pensions Partnership Ltd is authorised and regulated by the Financial Conduct Authority. Registered in England Number: 10795539 and Registered Office: 5th Floor, Toronto Square, Toronto Street, Leeds, LS1 2HJ.

Further details can be found at https://www.bordertocoast.org.uk.