Watson Wyatt, the global consulting firm, has hired Sarah Green to strengthen its capabilities around the transition of assets during fund restructuring projects, including buy-ins and longevity swaps.

Watson Wyatt adds to specialist implementation team

Green, who has ten years of transition experience, joins from Paternoster where she was an investment operations manager; prior to this she worked at AllianceBernstein and Northern Trust. She is an investment consultant based in the Reigate office and joins the firm's growing Implementation team headed by Colin Rainbow.

Paul Trickett, European head of investment consulting at Watson Wyatt, said: “Now that a few large funds have completed multiple-risk hedging transactions, which include longevity risk, without having to purchase annuity policies, we expect more funds to use this approach. As a result we expect significant activity in this area and Sarah’s appointment is important in making sure we are well positioned to complete these and other transactions efficiently for our clients.”

Watson Wyatt, advisor on the recent transactions undertaken by the pension fund trustees of RSA Insurance Group and Babcock International Group to hedge longevity risk, suggests that growth in this market could mirror that of the inflation-linked derivatives market, which the consultancy estimates to have exceeded £20bn last year.

The firm has also appointed Toby Baldwin as an investment consultant in its London office. Toby, who is a Fellow of the Institute of Actuaries, joins from HSBC Global Asset Management and has six years of industry experience in investment consulting and asset management.read more