EY-Parthenon today announces four high-profile appointments to its Pensions Strategy practice as it responds to increased market demand and invests in continued growth.
The appointments come as the practice - which offers services to pension scheme sponsors and trustees, capital providers, government, regulators and policymakers - reports 18% revenue growth in advisory services over the past financial year, with ambitious plans to double the size of the practice over the next three years.
The new appointments include:
- Marc Hommel to lead EY-Parthenon’s UK Pensions Actuarial practice. Marc has over 30 years’ experience in the pensions industry including serving as UK and global pensions advisory leader at PwC and a founder of The Pensions Superfund.
- Leah Evans to lead EY-Parthenon’s UK Pensions End-State Advisory and Pensions Risk Transfer Transactions practice. Leah joins from Mercer, where she advised UK and multinational clients on pensions strategy and risk management. Leah is also the Chair of the Pensions Board of the Institute and Faculty of Actuaries.
- Julianna Oladipo to lead EY-Parthenon’s UK Pensions Fund Operational and Governance Effectiveness practice. For the last 14 years Julianna has been Group Pensions Director to EY’s own UK and Irish pension arrangements including leading on strategy and governance.
- Rich Cowell joins EY-Parthenon’s Covenant Advisory team to build out its core capabilities and support the integrated covenant and actuarial transactions teams, focusing on transactions involving DB pension schemes from a buy-side, sell-side and trustee perspective. Previously, he had a major strategy and transformation role at Royal Mail Group.
Marc Hommel, EY-Parthenon Actuarial Advisory Leader, comments: “I am thrilled to have been asked to lead on implementing EY-Parthenon’s ambitious growth plans for its Pension Strategy practice. The investment to build out the team’s capabilities at all levels reflects both growing market demand and EY-Parthenon’s overall commitment to being a leading and strategic broad-based consulting advisory firm.”
Karina Brookes, EY-Parthenon Covenant Advisory Leader, comments: “Our expanding Pension Strategy team is delivering impressive outcomes for sponsors and trustees across the UK, and we are advising on a number of new and complex mandates.
“With the worst of the pandemic’s economic disruption hopefully now behind us, firms are now firmly in forward planning mode. We expect the next six months to witness significant restructuring and transaction activity, and as sustainability increasingly becomes a boardroom priority, firms are ramping up activity on this agenda, focused currently on the challenges climate change and the energy transition are presenting. Our growing team is well placed to provide cross-industry consultancy to sponsors and trustees on how best to manage their pension obligations efficiently to secure member benefits.”
The EY-Parthenon 100 plus-strong UK Pensions Strategy practice has extensive experience supporting pension scheme sponsors and trustees address their pension – and broader business – challenges. The team has specialist expertise across actuarial, covenant advisory, transactions and restructuring, asset management and insurance, and governance and operational excellence. EY-Parthenon’s pensions specialists work closely with EY’s deep-industry experts relevant to each client’s circumstances.
