Legal & General’s Pension Risk Transfer business has appointed Chris DeMarco as Managing Director of UK Pension Risk Transfer (PRT) and Costas Yiasoumi as Head of Core Business.
19 Jan 2017
Chris has moved internally from Legal & General Investment Management (LGIM) where he was Head of Institutional Client Management. He brings with him significant pensions and risk management expertise as well as leadership experience. His combination of technical and client skills will be a valuable addition to the team as we continue to guide pension schemes through their de-risking journeys. Prior to Legal & General, Chris held roles in the banking and consulting industries, most recently as a partner at Aon Hewitt.
Costas joins from Partnership Assurance where he led bulk annuities, with previous senior roles at Swiss Re, JP Morgan and Mercer. He brings a wealth of market knowledge and expertise, and his appointment further demonstrates Legal & General's commitment to the growing pension risk transfer market.
Kerrigan Procter, Managing Director of Legal & General said;
"I’m delighted to welcome Chris and Costas to the team at a time when trustees and sponsors of defined benefit schemes are increasingly focused on transferring their risk to insurers. After what’s been another strong year, I am confident that their expertise will result in many more market leading and innovative transactions being completed over the coming months and years.”
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2021