UK - Insight Investment institutional client services director David Somers is retiring after four years at the firm to concentrate on independent trusteeship.
Somers – who has more than 30 years’ experience in the industry – has been winding down his work with Insight and will retire at the end of the month.
But Somers – a judge in this year’s Scheme of the Year Awards – plans to continue to contribute as a leading thinker in the pension’s arena.
He said: “The current turmoil within the industry means there is growing demand for independent pension trustees and on a personal level it is time for a change. I am only 55 and having been involved with pensions for more than three decades, I am looking forward to the challenge.”
Somers – a fellow of the Chartered Association of Certified Accountants and an associate of the Society of Investment Professionals – also plans to take on advisory and non-executive positions.
He began his career at the ICI Pension Fund before joining the London asset management arm of JPMorgan. Somers was a client director with Hill Samuel Asset Management responsible for its local authority business prior to joining Insight in January 2000.
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