Legal & General has appointed Chris DeMarco and Costas Yiasoumi to senior positions in its pension risk transfer team.
DeMarco has been named managing director of the insurer's UK pension risk transfer business while Yiasoumi has been hired as head of core business.
DeMarco was previously head of institutional client management at L&G Investment Management and Yiasoumi joins from Partnership Assurance, where he was director of defined benefit (DB) solutions.
Both DeMarco and Yiasoumi started earlier this month.
Legal & General Retirement managing director Kerrigan Procter welcomed the appointments as demand for de-risking solutions increased.
"I'm delighted to welcome Chris and Costas to the team a time when trustees and sponsors of DB schemes are increasingly focused on transferring their risk to insurers," he said.
"After what's been another strong year, I am confident that their expertise will result in many more market leading and innovative transactions being completed over the coming months and years."
Prior to joining Legal & General, DeMarco was a partner at Aon Hewitt from 2009 to 2013, and a managing director at HSBC between 2005 and 2009. He also spent 14 years as a managing director of fixed income at Credit Suisse.
Yiasoumi left Partnership in late June last year after two years, following the firm"s merger with Just Retirement in April 2016. He was previously chief propositions officer at Swiss Re from 2013 to 2014 and head of longevity solutions from 2008 to 2012. Before that, he was an executive director of JPMorgan Chase from 2006 to 2008.
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The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
Six members of Ross Trustees’ pension trustee and support teams have been promoted into new roles.