Travers Smith has appointed Sebastian Reger from Sackers to join its pensions sector group from 1 October.
Reger started his legal career at Freshfields, where he practised between 2004 and 2013. He joined pensions boutique Sackers in 2014, and was promoted to partner in 2015.
He has specialised in derivatives and structured products law, focussing particularly on the pensions sector - drafting and negotiating International Swaps and Derivatives Association master agreements (ISDAs), global master repurchase agreement (GMRAs) and global master securities lending agreement (GMSLAs); as well as advising clients on liability-driven investing mandates and other investment strategies.
He has significant expertise in leading on longevity transactions and collateralised buy-ins having advised insurers, trustees, custodians and collateral managers. He has also advised a number of pension schemes on setting up and negotiating clearing arrangements for over-the-counter (OTC) derivative transactions.
Upon his arrival Reger will become part of Travers Smith's pensions sector group, which has completed a significant number of longevity, buy-in and buy-out transactions for pension schemes - including a full buyout of the Lehman Brothers Pension Scheme, a £3.5bn liability management exercise with the TRW Pension Scheme; and a £2.4bn longevity insurance contract for the Scottish & Newcastle Pension Plan and Heineken UK.
Travers Smith head of pensions sector group Daniel Gerring said: "Sebastian's experience and expertise in derivatives, insurance risk transfer and structured finance transactions, acting for a range of clients including pension schemes, major investment banks, FTSE 100 companies and private equity houses, will serve to strengthen still further our market leading derivatives and structured products group and pensions sector."
The government has confirmed the current interim chairwoman of The Pensions Ombudsman (TPO), Caroline Rookes, will continue the role in a permanent capacity.
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.