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).
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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