Doug Heron is to be the new Chief Executive of the £6.7bn Lothian Pension Fund, the second largest Local Government Pension Scheme in Scotland. Doug will take up his appointment in February 2019. Doug Heron is to be the new Chief Executive of the £6.7bn Lothian Pension Fund, the second largest Local Government Pension Scheme in Scotland. Doug will take up his appointment in February. He is joining us from Edinburgh-based investment platform Nucleus Financial. During his four years there, he held the roles of Chief Financial Officer and Chief Operating Officer.