UK - Consulting firm Watson Wyatt Worldwide has chosen Carl Hess to succeed Roger Urwin as global head of investment consulting.
Hess has been with Watson Wyatt for almost 20 years and currently serves as the director of the investment consulting practice in the Americas.
He is a fellow of the Society of Actuaries and a Chartered Enterprise Risk Analyst.
John Haley, president and chief executive officer at Watson Wyatt, said: "Carl is an extremely talented individual who is very well placed to take on Roger's business responsibilities and build on the excellent global platform that Roger has developed."
Roger Urwin joined Watson Wyatt in 1989 to head up the firm's UK investment consulting practice, before taking on the role of the first global head of investment consulting in 1995.
He said: "While I have thoroughly enjoyed the challenges and successes of leading the practice, I am looking forward to a new focus on developing our thinking and research.
"Our clients have more and greater challenges than ever and my view is that I can help them most by committing 100% of my time to the research and refinement of new investment ideas to bolster the content of our work."
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.