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. 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.

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.

Jeremy re-joined USS as Group General Counsel in 2014, having previously worked as General Counsel for the Investment Management function between 2009 and 2011. His previous experience includes responsibility for various areas of the legal coverage for the EMEA business at Morgan Stanley Investment Management, Vice President at Merrill Lynch Investment Managers and Legal Advisor at the London Stock Exchange. Jeremy was also General Counsel and a main board Director at Martin Currie Investment Management.

Mel was appointed Chief Pensions Strategy Officer in October 2024. She leads the functions focused on pension strategy and engagement – including Strategy and Insight, Proposition, Member and Employer communications, Stakeholder Support, Sector Engagement and Technical Policy. 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. 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 also 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.

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.