US - Wilshire Associates has appointed Lawrence E Davanzo to the newly created role of president.
The company founder, Dennis A Tito, is to continue as chairman and CEO, a position he has held for 32 years.
Tito commented: “I strongly believe that creating the position of president is the best decision I can make to assure the prosperous future of the firm.”
Tito also announced that in the event of anything happening to him, Davanzo would take on the responsibility of CEO.
Davanzo said: “My most immediate priority is to further develop our asset management activities by focusing on the non-traditional investment solutions that our clients and the marketplace have told us they need.”
The new president began his career with Wilshire in 1977 and founded its consulting business in the early 1980s.
He left Wilshire in 1991 for independent business ventures but returned and assumed the role of senior managing director leading Wilshire Funds Management in January 2005.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.