Hymans Robertson has appointed Russell Chapman to the newly created role of head of investment risk transfer.
Chapman, an equity member at Hymans Robertson since 2003, advises pension funds on effective investing strategies prior to buy-ins. His responsibilities include negotiating price lock agreements with insurers, managing illiquid assets, and transferring portfolios.
Chapman has led integrated risk management, consulted on LDI portfolios, and recently established a team focused on investment risk transfer.
Hymans Robertson head of risk transfer James Mullins says: “With the risk transfer market growing rapidly it’s important for us that we offer the best service possible to DB pension schemes as they navigate through the whole-scheme buy-in process. Pensions schemes often have detailed requirements in terms of setting the right strategy, price locks, asset transfer and in dealing with illiquid assets and these need to be addressed at every step of the journey.
“Russell guides and advises pension schemes to make the best decisions as they complete transactions. This is an area that needs the bespoke expertise that Russell has been offering. We are creating this role to recognise the important part he plays. By offering this dedicated expertise he can help ensure transactions are completed successfully, achieving the best outcome for members.”
Chapman says: “It’s an exciting time in risk transfer at the moment with so many DB schemes reaching the end game and heading to whole-scheme buy-in. I’ve worked on a number of transactions over the past few years and love being able to deal with any problems that arise, helping clients with a step-by-step approach. This role will give me the opportunity to highlight the help we give to pension schemes as they face crucial investment decisions on their path to buy-in and I’m really looking forward to dedicating my time to continue to develop this activity.”
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