EY appoints Gareth Mee as new UK Actuarial Leader

20 October 2020 Consultancy.uk 2 min. read
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EY has appointed Gareth Mee as its new UK Actuarial Leader. Mee will now head up EY’s expanded interdisciplinary team at the firm’s pensions and investment wing.

Major regulatory change, on-going economic uncertainty, technology-driven turbulence and increasing consumer expectations are challenges that offer the key to profitability for organisations which make the right strategic, investment and operational changes. To help clients in pensions, insurance and investment navigate these mounting challenges, as well as the need to address climate change and sustainability issues, EY has forged an expanded multi-disciplinary actuarial team in the UK.

The professional service giant’s expanded actuarial team is now 230-strong, and works across four UK offices in London, Bristol, Leeds and Edinburgh. The offering is headed by a team of eight partners, who it has been announced will work under the supervision of Gareth Mee – the firm’s new UK Actuarial Leader.

EY appoints Gareth Mee as new UK Actuarial Leader

Mee said of the firm’s new structure, "By bringing together expertise from a range of disciplines, our new team has been built to better support clients tackle increasingly complex challenges in a rapidly evolving environment. Within the investment space, EY has extensive experience advising clients on the design and execution of strategic asset allocation, supported by the firm's actuarial teams and leadership in sustainability and ESG. Our new structure looks to more tightly leverage this inter-disciplinary insight to provide our clients with targeted solutions to their biggest problems.”

A firm stalwart of seventeen years, Mee joined EY after completing a BSC in Mathematics with UCL. Initially, he spent 11 years as the firm’s Director for European Actuarial Services, before becoming an Executive Director. In 2017, on top of this continuing role, Mee was named a Partner.

A qualified actuary who also chairs the Institute and Faculty of Actuaries' finance and investment board, Mee hopes the newly expanded actuarial team will support pension schemes seeking "holistic endgame solutions", particularly in the current economic environment where pension scheme surplus volatility is a challenge for large corporates.

"Pension funds and insurers alike are facing a radically altered investment outlook - as well as dealing with major developments in regulatory regimes - and must respond accordingly in order to meet their long-term objectives. As the ESG paradigm evolves, our experience in mapping long-term valuation creation, reputational risk analysis and assurance over portfolio carbon footprint will help investors meet new regulatory requirements and manage emerging investment risks.”