The PPF is pleased to announce that Shalin Bhagwan has joined the organisation as Chief Actuary last month.
Bhagwan brings extensive pensions, insurance and investment experience to the role having worked across the sector for many years. He started his career in South Africa in life insurance pricing and reserving before moving to London and transitioning into liability valuations for defined benefit pension funds.
In addition, he brings significant LDI, derivative and credit portfolio management experience and has advised some of the UK’s largest pension funds on their LDI strategies both as a consultant with Mercer and portfolio manager with Legal & General Investment Management.
He also served as a member of the Institute and Faculty of Actuaries' Finance and Investment Board, and his recent and advisory work with the task force to boost socio-economic diversity in both the financial and professional services sectors, aligns well with the PPF’s commitment to greater diversity and inclusion across the sector.
Commenting on the appointment Oliver Morley, CEO said: “We are delighted to welcome Shalin to our Executive team at a time of change and challenge for the DB sector. We have important priorities to deliver as part of our strategic plan and we look forward to his contribution to ensure we continue to deliver for those who rely on us."
Shalin Bhagwan added: "The PPF has demonstrated its deep expertise across both asset-liability management and delivering an excellent customer experience. It is exciting to join at a time when this expertise is increasingly being recognised for the broader role it can play. I am looking forward to working with my colleagues to build on the important role that the PPF has to play in enhancing security for all members of our diverse DB pension fund universe.”