Martin Collins has joined KPMG as director of its team that advises banks and trustees on managing pension liabilities.
Collins (pictured) will work closely with KPMG's banking and pensions teams, building on the strategies it provides including covenants, investments and funding advice.
He will also help more banks align their pension strategy to their wider group's objectives.
Collins joins from Lloyds Banking Group where he spent five years as director in the treasury managing capital, risk, investment and funding for £40bn of pension assets. Here, he led a significant de-risking of the pension schemes to optimise the capital position of the Group.
Prior to Lloyds he was head of life and pension solutions at Santander, and has previously worked as an actuary at Watson Wyatt and Aon Consulting.
"Regulatory change has made pension liabilities a key part of a bank's capital requirement," he said. "In my time with Lloyds, we demonstrated that bank pension schemes can adapt their strategies to achieve capital efficiency for the employer within the pensions regulatory framework."
"KPMG has particularly strong covenant and change management offerings which are important for the banking sector. This and the quality of the existing bank relationships really attracted me to the role."
KPMG head of pensions Andrew Coles added: "Martin joins us with a wealth of experience and an ability to navigate the evolving regulatory environment in which banks are operating. His addition to the team helps us further bind our pensions, investment and covenant specialisms with our expertise in the banking sector to provide a truly integrated offering."
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