Legal & General expands pension risk transfer team with senior appointment
Legal & General’s Pension Risk Transfer business has appointed Matt Wilmington as Director of Strategic Transactions.
Matt will be leading on strategic longevity, buy-in and buy-out transactions, focussing particularly on our large multinational client relationships.
Matt joins us from Aon Hewitt where he undertook a variety of roles over a 15 year period, including being responsible for Aon Hewitt’s pension risk management work across markets outside the UK.
More recently, in his role as Partner in the Risk Settlement Group at Aon, Matt has led the advice for a number of UK based large-scale, complex de-risking transactions.
Matt’s experience in this sector will be a valuable addition to the team and further demonstrates Legal & General's commitment to be a global leader in pension risk transfer.
Matt Wilmington, Director of Strategic Transactions, at Legal & General said;
"I’m delighted to be joining Legal & General at a time when trustees and sponsors of defined benefit plans are increasingly focussed on strategic de-risking. I’m confident that the strength and depth of the Pension Risk Transfer team will result in many innovative transactions being completed over the coming months and years, and I’m excited to be playing a part in that."
FOR FURTHER INFORMATION (JOURNALISTS ONLY)
Richard King, Head of Corporate Communications
Legal & General
020 3124 2095 / 07515 324 001
Background on Legal & General
The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 31 December 2015, the total value of assets across the group was £746.1 billion, including derivative assets. We also had over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans.
Legal & General has been an active participant in the insurance solution pension de-risking market for nearly 30 years and was named the best de-risking provider at the Financial Times’ Pension and Investment Provider Awards 2015 and the Engaged Investor Trustee Awards 2015.
Legal & General offers a range of de-risking solutions, which includes buyout, buy-in, longevity insurance and liability-driven investment (LDI), to pension schemes of all sizes. Legal & General has expertise in investment management, all aspects of defined benefit provision as well as an in-depth understanding of mortality trends and longevity risk. Corporates, trustees or advisers looking for further i