The West London tri-borough partnership is poised to establish an integrated pensions and treasury team responsible for managing £1.5bn of pooled pension assets and £500m of cash investments.

From next Monday, a new team based at Westminster City Council will handle management of the combined assets - which also include those owned by Hammersmith and Fulham LBC and Kensington and Chelsea RBC.

Led by Jonathan Hunt, tri-borough director for treasury and pensions - who began his role working across the three councils operations in January - the shared service will also involve the input of colleagues from the partner authorities.

Alex Robertson and Moira Wallace will transfer from Kensington and Chelsea RBC and Bob Pearce, Halfield Jackman and Rosie Watson from Hammersmith and Fulham LBC will join colleagues from  Westminster – including Christine Cooper and Michael Nicolaou.

Jonathan Hunt said: ‘Our newly-combined team will look at better ways of working and sharing skills, and will provide better resilience within the team.

‘We are also looking to improve our efficiency in terms of the number of contracts we have, and we will look at attracting more competitive rates for our investments across the three boroughs.'