Riverside Risk Advisors, a boutique derivatives advisory firm, has hired Steven Plake to broaden its relationship with corporate and public pension plans.
We are reaching out to pension funds, their consultants and investment managers in a derivatives advisory capacity, says Joyce Frost, a partner at Riverside Risk Advisors. Steve will lead Riversides pension effort helping plans in evaluating transactions and assisting in the construction and execution of derivatives strategies, complying with fiduciary duties and working through Dodd-Frank transition issues.
The firm says pensions are increasingly using derivatives for financial planning purposes as a tool to reduce general interest rate risk in planning for retired employees benefits and to enhance returns on assets.
Prior to joining Riverside, Plake was at NISA Investment Advisors, a fixed income asset management firm specializing in managing pension plan assets. He holds a J.D. from Washington University in St. Louis and a B.S. (with Honors) from Cornell University.