Barnett Waddingham has been appointed scheme actuary to environmental management company Veolia's two defined benefit (DB) schemes.
Following a "rigorous tender process", partner Robert Hawkes will work for both the Veolia UK Pension Plan and the Veolia Energy Pension Scheme, which together have combined assets of around £1bn across benefits for 9,000 members.
The appointment was effective 15 June and will continue on an ongoing basis.
Hawkes said: "This appointment builds on the continued success of our strong team and our wide range of expertise. It is important to deliver a tailored and bespoke service and we are very much looking forward to working with the Veolia pensions department and the trustees to build on the continued successes of the schemes."
Veolia chief corporate officer and trustee chairman Robert Hunt added: "We value highly our advisers to our pension schemes and work closely with the scheme actuary in managing risks and opportunities for the schemes.
He added that Hawkes and the team at Barnett Waddingham were impressive throughout the tender process and have settled quickly into the role.
"Their communication and consultancy skills have excelled from the outset, tailoring their approach to our needs."
As of 31 December 2017, the schemes had a combined actuarial deficit of €39.3m (£34.8m), according to Veolia's annual accounts, with their 2017 triennial valuation due to be completed this year. The company also has international DB obligations, with a deficit of €642m across all of its schemes.
Last year, the schemes appointed Schroders as their fiduciary manager, transferring management of all assets to the asset management firm.
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PP looks at the pensions great and good who oversee contract-based schemes