Willis Towers Watson adds senior director for pension plan derisking

Costas Yiasoumi joined Willis Towers Watson as a senior director in its pension derisking transaction business, a spokesman said.

The position is new. Mr. Yiasoumi is based in the firm's Manchester, England, office.

"His unique multidisciplinary skills and track record will be invaluable to our clients as they seek the right derisking solutions," said Ian Aley, head of transactions consulting at WTW, in a news release.

Mr. Yiasoumi was head of core business U.K. PRT at Legal & General – the pensions risk transfer business, a spokeswoman for L&G confirmed. She said the L&G retirement institutional PRT business has undergone some restructuring, with a new business team in place consisting of two areas: origination and execution; and pricing and execution.

John Towner is head of origination and execution, with business development resources across the previous core and strategic teams merged into this new unit. Pretty Sagoo

is head of pricing and execution. This unit brings together individuals previously focused on pricing and execution across the core and strategic teams, she added.