Colin Mayger, partner at Barnett Waddingham, has been named as the new Chairman of the European Actuarial & Consulting Services network. Mayger, who has been with Barnett Waddingham since 1995, takes over the two-year long posting from Roel Nass, partner at Dutch actuarial and pensions consultancy firm, LNBB.
Roughly 20 years ago, a number of actuarial advisory firms based in Europe joined forces to establish EURACS (European Actuarial & Consulting Services). The platform has since grown to a network of 18 member firms (representing more than 1,000 professionals), which work together to deliver cross-border pensions, benefits and insurance solutions to their international clients, and in addition share technical expertise and best practices.
Over the past two years EURACS was led by Roel Nass, a partner at LNBB, a Netherlands-based actuarial and pensions consultancy firm. Following the recent expiry of his two-year term, EURACS embarked on a search for his successor, with Barnett Waddingham partner Colin Mayger elected as the new Chairman*. Mayger has been with the consultancy for 20 years, joining in 1995 from Bacon & Woodrow (acquired by Aon in the late 1980s), and specialises in pensions advisory and the management of pension schemes. He focuses on a wide range of types and sizes of schemes including defined benefit schemes which include a defined contribution section within the same trust, as well as stand-alone defined contribution schemes (both trust-based and contract-based). Mayger currently serves in an actuary role for twelve schemes, with on-going schemes (six are in the process of winding-up) ranging in size from £10 million to £450 million.
Commenting on his new role, Mayger says “I am honoured to take up this position and look forward to representing and championing the interests of our members across Europe and helping to enhance the range of services we can offer to our clients. Today’s business environment is becoming increasingly globalised making it more important than ever for firms to find ways to collaborate across Europe without losing their independence.”
Last month the 18 member firms of EURACS joined forces with their North American, African and Asia counterparts to launch a global platform: Global Actuarial & Consulting Services (GLOBACS).
* Barnett Waddingham has been the UK representative of EURACS for over 20 years.