Nick Horsfall and Andrew Drake were appointed managing directors in Redington's investment consulting team, a spokesman said.
The positions are new. Messrs. Horsfall and Drake will play an important role in achieving Redington's target of helping to make 100 million people in the U.K. financially secure, a news release said.
"Nick and Andrew's extensive experience will be invaluable in helping trustees and sponsors navigate the increasingly complex investment decisions they must make, giving them full confidence that they are securing the best possible outcome for their members," said Patrick O'Sullivan, head of investment consulting, in the release.
Mr. Horsfall was responsible for working with large U.K. pension funds at the Asset Management Exchange, a $21 billion investment platform. Spokesmen could not immediately be reached for comment.
Mr. Drake was a partner at PricewaterhouseCoopers working with institutional investors and responsible for the U.K. pensions investment consultancy business, the news release said. A spokesman for PwC said Adam Lane now leads the business.
Separately, Marian Elliott, head of implemented consulting, has left Redington. The spokesman said the firm is not looking to replace her. "This is embedded across Redington's core processes, frameworks and incorporated into all advice clients receive. (Redington) will continue to hire consultants from a broad range of backgrounds to enrich the advice and perspectives it can provide to clients," a statement said.
Details on her future could not immediately be confirmed.
