Esteban Paez takes new role with Oliver Wyman in US

05 July 2017 Consultancy.uk

Oliver Wyman recently picked up Esteban Paez from Willis Towers Watson, he joins the firm's Life Actuarial Consulting Practice as a Principal and lead for life insurance M&A in its New York City office.

Esteban Paez has become a Principal in Oliver Wyman’s US Life Actuarial Consulting Practice, as the firm continues to expand its capacities in the sector. Actuarial consulting work includes advising on the design and calculation of contributions for pension schemes and general insurance, along with HR management, risk management, mergers and acquisitions, corporate recovery, and financing projects.

Prior to joining Oliver Wyman, Esteban Paez spent over 9 years with fellow consultancy Willis Towers Watson – where he accrued further actuarial experience as a Senior Actuarial Consultant in the firm’s Risk Consulting Practice. After joining Willis Towers Watson, he worked on a range of key client dilemmas in the M&A space, related to buy and sell side valuations, due diligence, among others; and various modelling work for the insurance industry.

Paez holds a Bachelor’s degree in Actuarial Mathematics and Management Engineering from the Worcester Polytechnic Institute. He is a member of the American Academy of Actuaries and a member of the Financial Services Authority.

Esteban Paez - Oliver Wyman

The announcement from Oliver Wyman sees the new recruit join the US operation’s Life Actuarial Consulting Practice as a Principal and Lead for life insurance M&A in its New York City office. He brings more than ten years’ advisory experience to life insurers, re-insurers, investment banks and private equity firms, along with a specific background in the Bermuda life insurance market, to the firm.

Commenting on the appointment, David Weinsier, Partner and leader of Oliver Wyman’s US Actuarial Life Practice said, “We are very excited to have Esteban Paez join Oliver Wyman’s American Actuarial Practice,” notes “Esteban’s experience with large and complex insurance M&A transactions will allow us to continue expansion of our insurance M&A footprint both in the US and globally.”

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.