London mayor Ken Livingstone has made sweeping changes to the London Pensions Fund Authority board.
Consultant Neil Newton will take over as chair of the board from Bernard Harty in the first changes since Mr Livingstone took office last July.
Only three of the existing board members will stay and eight new appointments have been made following the introduction of a system where each political party nominates one board member.
Mr Livingstone said: 'The pensions fund authority has been brought back into democratic control. I am confident the new board will build on its excellent reputation in making it an exemplary pensions authority.'
The remaining board members are Maurice Stonefrost, former director general of the Greater London Council, Pamela Batty (Con) vice chair of Westminster City Council finance committee and Serge Lourie (Lib Dem), leader of Richmond Upon Thames LBC.