Co-opted members

You can find the full names, qualifications and biographies of our Co-opted members here.

All our Co-opted members were appointed following an independent appointments process.

Elizabeth Butler

Co-opted Audit and Risk Committee member

Elizabeth (“Liz”) Butler FCA is an experienced chair and non-executive director.

She worked for Price Waterhouse as an audit manager on a number of prestigious clients before starting her own accountancy practice, specialising in business start-ups.

In addition, she has developed a portfolio of non-executive roles, she is currently:

  • Board member and Chair of the Audit Committee of the Regulator of Social Housing;
  • Trustee and Chair of the Audit Committee of the Royal British Legion;
  • Non-executive director of Connect Health Ltd.;
  • Chair of the Audit and Risk Committee of the Royal College of Veterinary Surgeons;
  • Independent Member of the Governance, Risk & Audit Committee of the Bar Standards Board.

Previously she has been Chair of Lewisham & Greenwich NHS Trust, Bromley PCT and Queen Mary’s Sidcup NHS Trust; Board member of Hyde Housing Association, and Chair of their Audit Committee; Chair of the Audit Committees of the Royal College of Nursing and the Electoral Commission and a member of the audit committee of the Local Government Boundary Commission for England.

Liz is a founder member of the University of Exeter Alumnae group, supporting female graduates through their professional careers, she has mentored several BAME managers on the NHS Next Director programme and regularly coaches and mentors aspiring non-executive directors.

Liz brings a wide experience of corporate and clinical governance at board level. She is an accountant but also draws on her wide NHS experience to challenge and engage with clinicians and managers. She is well connected and has an extensive network of contacts across the NHS and Government.

Kenneth Gill

Co-opted Audit and Risk Committee member

Kenneth ("Ken") Gill is a Chartered Accountant who has held a variety of board level positions up to CEO level in the public and private sector. He is currently Chair of the Audit Committee and a member of the board of Policy Connect, which is a not-for-profit cross-party think tank that aims to influence key policy areas including: health; education & skills; industry, technology & innovation; and sustainability. Ken is also a Trustee and Audit Committee member of the Greenwood Academy Trust which runs 36 academy schools, and he is an Advisory Board member of Study Portals.

Ken’s previous roles have included being the honorary treasurer of a national HIV/AIDS charity in Scotland funded by donations and grants; Director of Future Leaders Charitable Trust, a social enterprise to attract leaders to challenging schools; Trustee and council member of the Association of Accounting Technicians and Chair of the Professional Standards Board; a lay member of the governing body of Heriot Watt University, Edinburgh and a member of the Audit and Risk Committee; a Governor of the Sino British College in Shanghai; and an Honorary Professor at the University of Nottingham.

Keith Mackay

Co-opted Investment Committee member

Keith has been an External Co-opted Member of the Investment Committee since 2016.

His entire career, stretching over more than 40 years has been in the financial services industry as an institutional investment manager. He worked in the financial sector for a number of UK institutions before taking up a position with a sovereign wealth fund in the Gulf. He remained in that region for the next thirty years before returning to the UK.

He is a Fellow of the Institute of Actuaries and an Associate of the UK Society of Investment Professionals.

Tim Scholefield

Co-opted Investment Committee member

Tim’s investment career spans more than 30 years.

He was Head of Equities at Baring Asset Management until 2014, and now holds a portfolio of non-executive directorships including BMO Capital and Income Investment Trust PLC, Fidelity Asian Values Plc and Standard Life UK Smaller Companies Plc. He is Chairman of City Merchants High Yield Ltd and Chairman of the Investment Management Certificate Panel.

David Stewart

Co-opted Investment Committee member

Has worked in the investment management industry for 30 years, holding leadership positions in institutions in Europe, North America and the Middle East. He is currently Chief Investment Officer at the £25billion British Airways pension fund.