State Street Global Advisors (SSgA) has appointed former Towers Watson consultant Alistair Byrne as a senior defined contribution (DC) investment strategist.
Reporting to head of DC Nigel Aston, Byrne will be expected to grow the group's DC product offering and build on the launch of its target date retirement funds, Timewise.
Aston said: ""The recent shakeup of the UK pensions industry regarding the scrapping of compulsory annuities will drive a surge in innovation towards more attractive consumer-centric products that will encourage wider pensions saving. Alistair will help us to be at the forefront of that revolution."
A DC specialist, Byrne boasts 20 years of asset management experience, including as a principal at Investit and head of equity research at Kames Capital.
He also spent more than six years in academia, acting as a senior lecturer in finance at the University of Strathclyde and later the University of Edinburgh.
SSgA created a head of DC role less than two years ago with Aston spearheading the move to develop its presence in the DC market (9 November 2012).
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