US - Watson Wyatt has hired three key members of Rogercasey to strengthen its investment consulting operations in the US.
Carl Hess, global director of investment consulting, Watson Wyatt said of the appointment: "This is a coup for us and will further strengthen our position in the marketplace and help us to satisfy the growing demand from our clients for independent investment advice across all of our services.
"These appointments are an extension of the significant growth experienced throughout our entire global investment practice during the past few years."
Cleveland was formerly head of Rogerscasy's Portland office and has over 20 years experience in the pensions and investment industry and has been appointed senior investment consultant.
Bailey, former associate director of Rogerscasey, and has been appointed investment consultant, while Macias, who has over 25 years experience of investment and financial analysis, auditing and accounting, has been appointed as senior analyst.
The hiring of the trio marks the latest appointment by Watson Wyatt, which recently appointed Brandi Wust and Marilyn Rowland from Evaluation Associates (Globalpensions.com ; 17 July 2008).
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.