Hymans Robertson acquires Bath Actuarial Consulting

Hymans Robertson has announced the acquisition of Bath Actuarial Consulting (BAC), whose clients' defined benefit (DB) liabilities range from £200m to over £20bn.

The firm said the acquisition would help in further boosting its offering to corporates across defined contribution and DB markets.

The firm has also appointed Andrew Udale-Smith and Leonard Bowman, who founded BAC in 2012, as partners, both of whom will be based in London.

Prior to this, Bowman and Udale-Smith also worked at Willis Towers Watson in a range of senior scheme actuary and management roles for a combined period of more than 35 years.

Commenting on the acquisition, Hymans Robertson senior partner, John Dickson, said: “We’re very excited to be acquiring this outstanding boutique consultancy and introducing Andrew and Leonard to our Partnership.

“They bring proven skills in growing and developing corporate relationships that will complement our existing expertise as we continue to build our corporate advisory business in both DB and DC markets.

“The breadth of our services and, in particular, our strength in implementing complex projects, means that together we’ll be able to provide their existing clients with a stronger, more comprehensive service. We look forward to them playing an active role in the future of our firm.”

Udale-Smith, added: “We are thrilled to become part of Hymans Robertson in its centenary year.

“BAC has a much shorter history and a much smaller team, but our shared values – of independence and putting clients first – mean there is a very natural fit.

“At BAC we have built strong, trusted adviser relationships with some significant corporate clients and we look forward to working with the Hymans Robertson team to develop and grow our joint corporate consulting offering.

“We are excited to be working in a firm with such a strong track-record in de-risking and settlement transactions.”

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