Appointments update 26 March

• Pension Insurance Corporation has announced that Elliot Varnell and William Coatesworth will join its risk team as head of enterprise risk management and head of risk respectively.

Varnell is a leading expert on Enterprise Risk Management and is the Chairman of the UK Actuarial Profession’s Risk Management Research Committee, which provides thought leadership on risk management issues.

Varnell is the author of a number of papers and has spoken at industry events on topics ranging from how insurers consider risks in stock lending and collateral swaps, to linking statistical and heuristic decision-making to pass the Solvency II use test.

Coatesworth is a leading expert and commentator on Solvency II across Europe. He is the author of a number of papers and articles concerning Solvency II, including the impact of Solvency II on infrastructure investment, and has spoken at a number of industry events across Europe and Asia on the subject.

• RPMI has announced the appointment of Babloo Ramamurthy as a non-executive director to its Board.

Ramamurthy brings senior business experience and client service skills, with over 34 years at Towers Watson, where he was a main board member and managing director EMEA. He is also independent Chairman and non-executive director for B&CE Group.

• The Principles for Responsible Investment has announced the appointment of Martin Skancke as the new Chair of its Advisory Council.

Skancke, a leading global advocate of long-term and responsible investment, will join the PRI on 1 April and will be based in Norway. He succeeds Dr. Wolfgang Engshuber, who completes his 3-year term as Advisory Council Chair this year.

Skancke previously served as director general and head of the asset management department at the Norwegian Ministry of Finance.

He spent four years as head of the domestic policy department at the Office of the Prime Minister of Norway, acting as chief advisor to the Prime Minister on economic policy issues, including pension reform.

• LCP has appointed Myles Pink as principal within its pension buy-out practice.

Pink joins from Rothesay Life, where he was co-head of business development. He was previously a member of the founding management team at Paternoster.

Pink has extensive experience in the bulk annuity industry – having structured insurance-based solutions for UK pension schemes including P&O (£813m buy-in), BMW (£3,000m longevity swap), Philips (£484m buy-in) and InterContinental Hotels (£440m buy-out). He has also been involved in a number of key innovations in the market including some of the first “buy-in” transactions, longevity swaps and collateralised security structures.

In his role at LCP Pink will focus on advising larger pension schemes on how to reduce and remove risk through insurance-based solutions.

• Multrees Investor Services has today announced that Sir Roger Gifford has been appointed as a non-executive director. The former Lord Mayor of London and current country head of SEB UK has over 30 years of experience in the financial services industry enabling him to bring invaluable international expertise and insight to the business.

Sir Roger Gifford was honoured for services to international business, culture and the City in the 2014 New Year Honours. He became the 685th Lord Mayor of the City of London in November 2012, acting as ambassador for UK financial and professional services. He is also vice-chairman of the Association of Foreign Banks.

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