Tony Pike, who started his investment consulting career almost 30 years ago at Mercer, will remain based in Leeds in his new role. He had joined Willis Towers Watson in February 2012 after stints at fiduciary manager P-Solve and consulting firm Aon Hewitt.
Pike’s remit is to develop JLT’s investment and delegated consulting services to new and existing clients, the company said.
Bala Viswanathan, CEO of JLT Employee Benefits, said: “Tony comes with depth of specialist knowledge in the fiduciary management and investment arena and a glowing track record as a consultant, making him an excellent fit with our client-centric specialist culture.”
Pike’s move comes as JLT has revealed a push into the Local Government Pension Scheme pooling effort, with the creation of a dedicated service led by Andrien Meyers, a former treasury and pensions manager at Lambeth Borough Council.
The LGPS plan, which was initiated by former chancellor George Osborne, will see 89 local authorities pool assets and investment capabilities to take advantage of economies of scale and build in-house capability. The result will be eight larger funds run by a cross-scheme committee.
Pike has significant experience with local authority schemes, and has contributed to industry events and panel discussions on and with the sector for many years.
JLT has teamed up with consulting firm Alpha FMC, which specialises in helping new fund managers jump through regulatory hoops. JLT, which has also recruited former head of treasury and pensions at Dorset County Council Nick Buckland, will add pensions expertise.
Meyers told FN earlier in August that the collaboration would offer advice in areas such as picking and monitoring fund managers; compliance and risk management; operations; and legal and tax matters.