Barnett Waddingham has promoted nine to partner level in response to growing client demand and to maintain market-leading service delivery for clients.
The new partners will take up their leadership positions across a range of the firm's core business areas, including actuarial consulting, investment consulting, pension administration, and IT.
Barnett Waddingham said that with the promotions, which took effect on 1 June, the total number of partners at the firm reached 80, all of whom are equity owners of the business.
The consultant has also promoted 20 new principals and 24 new associates. Two partners - Bhargaw Buddhdev and John Harrison - have also retired as of 31 May. Nick Salter also stepped down from his role as senior partner on 1 June, but remains at the firm as partner.
Barnett Waddingham senior partner Andrew Vaughan said: "We strongly believe in maintaining our tradition of continuous development in our people. Doing so not only allows us to offer clear career progression to the many skilled and dedicated members of our team, it ensures we remain ready to provide our clients truly competitive and independent expertise, now and in the years ahead. This sustained investment in talent development also raises the overall standard of consultancy across the market, which benefits everyone.
"This year's promotions have come at a time when many businesses and individuals are reeling from the impact of Covid-19. Our new partners will help us continue to provide much-needed guidance amid the ongoing situation, laying further groundwork for the future stability and resilience of our business and that of our growing client base."
Barnett Waddingham has seen strong growth in the past year and today counts almost one in four FTSE 100 companies among its clients. Notable new ventures include its burgeoning risk advisory service and its high-level work in management decision analytics.
Michael Eakins has been appointed as chief investment officer (CIO) at Phoenix Group, subject to regulatory approval and completion of the acquisition of ReAssure.
Nikhil Rathi has been appointed as chief executive of the Financial Conduct Authority (FCA) following Andrew Bailey’s move to the Bank of England as governor earlier this year.
Barnett Waddingham non-executive chairwoman Elizabeth Renshaw-Ames has been named as trustee chairwoman of Aviva Master Trust.
Hymans Robertson scheme actuary and partner Patrick Bloomfield has been elected chair of the Association of Consulting Actuaries (ACA).