Willis Towers Watson has appointed Costas Yiasoumi as a senior director in its pension de-risking transaction business.
The appointment reflects the firm’s significant growth in providing services in this rapidly expanding area.
Yiasoumi has considerable experience in the pension de-risking market. He has spent over 20 years leading various teams in developing and implementing de-risking solutions for pension funds.
He joins from Legal & General where, as head of core business, he focused on the buy-in and buyout market. Prior to this he held senior roles at Partnership Assurance, SwissRe, JPMorgan and Mercer, where he led the UK bulk annuity team.
Willis Towers Watson recently predicted that the bulk annuity market in is set to grow significantly in 2019, with up to £30 billion worth of transactions expected over the course of the year.
Willis Towers Watson head of transactions Ian Aley says: “Yiasoumi’s multi-disciplinary skills and track record will be invaluable to our clients as they seek the right de-risking solutions and he will help us to maintain our market-leading position across this space.”
Yiasoumi starts immediately and will be based in Willis Towers Watson’s Manchester office.