Mercer has made two appointments for a new enterprise to enable companies and trustees to manage their pension risks more effectively. Alan Baker is appointed chief operating officer and Rupert Brindley becomes chief architect for Mercers Dynamic De-risking Solution business, launched this week.
Mercers Dynamic De-risking Solutions business is designed to manage pension schemes along a path to full funding, using a governance framework that banks investment gains and minimises potential losses from daily market fluctuations.
Baker joins from Oliver Wyman where he was responsible for the delivery of projects for operational change and process efficiency improvements within the pensions and insurance industry. He has also worked in senior business development, operational leadership and consulting roles at IBM Business Consulting, PricewaterhouseCoopers and Lloyds TSB.
Brindley joins after 14 years with UBS Investment Bank, where he was a managing director focussing on risk management and liability-driven investment strategies. He established the banks Life & Pensions Group to offer asset / liability modelling and derivatives execution advice to large European insurers and pension funds. Prior to UBS, he worked at Baring Asset Management and Invesco in a variety of quantitative portfolio management roles.
Bruce Rigby, Mercers chief retirement strategist, commented: These new senior appointments bring additional operational strategy and processing experience to our existing management, consulting and research capabilities at Mercer. They will help lead a major initiative that will enable clients to manage their pension fund investments in a more pro-active and effective way.