Akash Rooprai appointed as ITM head of client management
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.
Rooprai started work this week, and joins from Capita Employee Solutions where he was head of pensions risk management for just over two-and-a-half years, specialising in de-risking and bulk annuities.
Chief executive Darran Blount said: "Akash's expertise will help us provide specialist support to our clients in a rapidly expanding area of our business. Our ability to meet these needs with independence and actuarial understanding will deliver the solutions that they so need."
Rooprai will report to director Maurice Titley. Rooprai noted that with the "continued march towards de-risking" and his prior experience, he is "looking forward to developing a holistic approach that will help ITM's clients form the right strategy and achieve the best outcomes".
He added: "2018 was a record year for the buy-in and buy-out market and with 2019 volumes expected to rise the impact of being ‘data ready' is more significant than ever."
Rooprai was a product and sales development actuary at Partnership for over one-and-a-half years to September 2016, and a principal at Mercer for 15 years before that.
He was responsible for the first £1bn buyout in 2008, and the first public sector bulk annuity, which was for the West Midlands Intergrated Transport Authority. He also advised trustees on the first captive bulk annuity in the UK.
Last year saw a record volume of bulk-annuity deals, with over £20bn of transactions announced by 2018's close. This included the £4.4bn Airways Pension Scheme buy-in with Legal and General, the UK's biggest bulk annuity deal to date.
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