TradeRisks expands pensions and insurance expertise

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TradeRisks has announced the appointment of two experienced actuaries, Tim Humphrey and James Lumb, as part of the firm’s expansion of its capabilities in delivering new end-user to end-user markets.

“Pension funds and insurers are long-term investors who represent natural counterparties for our corporate clients’ funding and hedging transactions. These investors are increasingly looking to diversify from bank counterparties, and the expansion of our team with experienced actuarial recruits further enhances our ability to structure solutions which are optimal for all parties. This will facilitate increased participation by long-term investors in end-user to end-user markets” said Alex Pilato, Chief Executive of TradeRisks.

“In addition, recent market volatility has highlighted to corporates the cashflow uncertainty arising from exposures within their pension schemes, particularly due to falling real interest rates and equity markets. Our recruitment in this area will allow TradeRisks to enhance our treasury risk management offering to provide clients with greater understanding of the significance of pension risks in the context of overall business plans”.

Tim Humphrey started his career with Watson Wyatt (now Towers Watson) where he was a senior consultant advising corporates and trustees on pension scheme risk management. He then moved to Lucida, a specialised insurer providing de-risking solutions to pension schemes, where he led the team responsible for pricing, structuring and negotiating transactions. James Lumb was previously with Ernst & Young advising corporates on a wide range of pension scheme issues.