Capita appoints head of investment consulting

Capita Employee Benefits has appointed Bobby Riddaway to the newly-created role of head of investment consulting as it increases its focus on that side of the business.

Mr Riddaway joined Capita from Buck Consultants where he was a principal in the investment team, responsible for UK client consulting.

He also previously worked at Hewitt Associates where he was senior investment consultant to corporate and trustee pension plans in the UK and US and led the liability-driven investment team. He also spent eight years with HSBC Actuaries and Consultants Limited, as head of investment strategy.

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Nick Burns, chief executive officer of Capita Employee Benefits, said: “Bobby has a first class reputation in the industry and an impeccable investment consulting pedigree. I am confident that he will be able to harness the wide range of skills and expertise already in the business to develop innovative business propositions that will add value to existing clients and be of interest in new markets.”

Mr Riddaway added: “I am joining the investment consulting business at an exciting time in its evolution. The business provides a fully integrated investment consulting service, which includes a solution tailored for smaller schemes and incorporates leading analytical techniques.

“Schemes and trustees are coming under increasing scrutiny and this gives them access to a whole new approach to strategy setting, implementation and monitoring - which until now has been out of reach for all but the very largest pension schemes.”