Willis Towers Watson has named Costas Yiasoumi as a senior director in its pension de-risking transaction business, effective from 7 January 2019.
Yiasoumi joins the firm from Legal & General where he served as head of core business, focusing on the buy-in and buy-out market.
Yiasoumi has over 20 years’ experience leading teams in developing and implementing de-risking solutions for pension funds. He has previously held senior roles at Partnership Assurance, SwissRe, J.P. Morgan and Mercer.
In his new role Yiasoumi will be based in Manchester.
Commenting on the appointment, Ian Aley, head of transactions consulting at Willis Towers Watson, said: “I am delighted Costas has decided to join Willis Towers Watson and we very much look forward to working with him.
“His unique 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.”
Willis Towers Watson recently predicted that the bulk annuity market is set to grow significantly in 2019, with up to £30bn worth of transaction expected over the course of the year.