UK - Consulting actuaries Punter Southall has recruited Graeme Muir, an actuarial adviser to local authority pension schemes, as a principal of the firm with effect from April 9, 2002.
The appointment also signals Punter Southall’s intention to develop rapidly its ability to service the local authority pensions market and break the virtual monopoly currently enjoyed by four of the larger traditional actuarial consultancies.
Andy Scott, principal at Punter Southall and head of the firm’s Edinburgh office, said: Establishing a robust presence in the local authority market has always been a key element in Punter Southall’s growth strategy. Our recruitment of Graeme, who is arguably one of the most well-known advisers to local authority pension funds on their actuarial issues and investment strategy, is a major step towards achieving our objectives.
His expertise will put us in a position to provide a service and offer a fresh approach that together meet the specific requirements of local authority pension funds.
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