Deutsche Bank has appointed Andrew Reid as a Managing Director and Head of Corporate Pension Origination within its Debt Capital Markets and Corporate Coverage business. Based in London, he will be responsible for all aspects of corporate pension fund client de-risking, including longevity solutions. He will report to Håkan Wohlin, Co-Head of Deutsche Bank’s European Debt Capital Markets and Corporate Coverage Group.
Mr Reid will join the bank from Credit Suisse where he was head of the European longevity business. He has 20 years experience in the pensions industry, including 18 years at Towers Watson, most recently as Head of Corporate Consulting.
Longevity is a key focus for pension funds in the UK and Europe and Deutsche Bank has demonstrated its leadership in this space with the successful execution of the £3bn BMW longevity transaction via its wholly-owned subsidiary Abbey Life. The creation of a dedicated pensions team will leverage the bank’s established risk and asset expertise to provide integrated client solutions. This will further cement Deutsche Bank’s position in this market.
Commenting on the appointment, Håkan Wohlin said: “Pension funds and corporates have successfully hedged many of the risks associated with their business and they are now turning their attention to longevity risk. We have already demonstrated that we can support these clients as they search for appropriate structures and the appointment of Andrew will further strengthen our offering.”
For further information, please call:
Deutsche Bank AG
Phone: +44 (0) 20 75454249
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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