Bernard Hughes was named an annuity portfolio manager at Brentwood Asset Advisors, Neil Ronco, senior portfolio manager for Brentwood, confirmed in an e-mail response to questions.
The position is new.
Mr. Hughes will “assist retirement plan fiduciaries with an array of risk mitigation strategies, including the transfer of pension and profit-sharing retirement plan liabilities to the insurance industry,” a Brentwood news release said
Mr. Hughes was a senior investment consultant at Towers Watson specializing in “assisting retirement plan sponsors with the transfer of their defined benefit or defined contribution pension liabilities to the insurance industry,” Mr. Hughes said in an e-mail response to questions.
Information on whether Mr. Hughes will be replaced could not be learned by press time.
