Investment consultant Redington has added Jinesh Patel to its DC & Financial Well-being Consulting Practice. Patel, who has been appointed a Vice President, joins from rival Willis Towers Watson.
Jinesh Patel joined Willis Towers Watson in 2007, after graduating from Brunel University London. At the consultancy, formed earlier this year by the merger between Willis Group and Towers Watson, Patel first served as a Pensions Administrator and most recently as a DC Consultant. In the role, he provided DC consultancy advice to a range of clients – including FTSE 100 businesses. He also spent, as part of a secondment, time at HSBC in its internal reward team, supporting the management of its pension and benefit change programme.
Per the 1st of April Patel has joined Redington, a London based investment consultant established in 2006. The employee-owned firm works for a range of UK pension funds and other long-term savings institutions, including 11 of the 25 biggest pension funds in the UK. Patel has been named a Vice President and will support corporates and trustees with the development and management of defined contribution pension schemes. Commenting on his move, he says he is “excited” to join Redington, in a time when the firm is growing its business and evolving its DC proposition. “The Redington team has a passion for innovating and delivering long-term solutions to retirement saving which was instrumental in my decision to join.”
Lydia Fearn, Head of DC & Financial Well-being at Redington: “Jinesh’s appointment boosts our consulting team’s expertise in the DC space. His hire emphasises our commitment to serving the industry and will be fundamental in supporting clients through the changing pensions landscape.”
Looking ahead, both Patel and Fearn say that they see significant potential for growing their collaboration with clients. “The pensions landscape has evolved beyond recognition – with more employees reliant on DC schemes to pay for their retirement. Finding the right solution to ensure they have sufficient savings to retire is fundamental to work we are doing with our DC proposition.”
Earlier this year, Redington appointed Mitesh Sheth as CEO, effective 5 April. Sheth, who has been with the investment consultancy since 2013, succeeded Robert Gardner and Dawid Konotey-Ahulu, the founders and since inception the co-CEOs of the firm. With the move, the company aims at meeting its ambitious growth plans set for the coming decade.