Penny Green, chief executive of the Superannuation Arrangements of the University of London, crowned a 16-year career at the university pension scheme last night with an achievement award voted by her industry peers.

Green, who is retiring this year, has been chief executive of the £1.9 billion public sector fund since 1998. She has led the diversification of its investment strategy, and the setting up of a subsidiary company, STC Pension Management, to take on administration for other public sector schemes. Its first client, the University of Sussex pension scheme, joined in October 2012.