Nathan Bridgeman has left his role as managing director of group distribution at Rowanmoor to join specialist provider Obsidian Ssas.
He joined the Leicester-based provider as director and partner with a focus on driving growth in the Ssas market.
According to the firm, it is experiencing a significant increase in demand for its services especially loanbacks and commercial property purchases and Mr Bridgeman’s appointment will add “material strength and a proven experience through his deep understanding of the Ssas market”.
Mr Bridgeman said: “I’m passionate about Ssas and believe they are the most under utilised tax wrapper in the pension profession.
“The Ssas market is ripe for disruption with many providers relying on paper and pen processes and delivering a service and fee model which hasn’t changed in decades.
“By delivering automation and digital processes through the most advanced technology we can disrupt the Ssas market saving advisers and their client’s money, improving service and functionality."
Mr Bridgeman left fellow small self-administered scheme provider Rowanmoor, part of the Embark Group, after three years at the firm.
Embark had carried out a significant management reshuffle earlier this year and decided to move to a single management team to oversee all of its pension activities going forward.
As a result the managing director and head of Sipp operations at Rowanmoor handed in their resignation in February.
Prior to his role at Rowanmoor Mr Bridgeman spent nine years as a partner and director at Talbot & Muir, leading the firm's growth in the Ssas sector, and has also spent 10 years with James Hay and Hornbuckle Mitchell in pensions administration.
amy.austin@ft.com
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