PensionsFirst, a UK-based pension risk management firm, has launched a new division, PensionsFirst Incorporated, to offer advanced risk management services to both public and private sector pension plans in the US and Canada.
To lead the expansion effort, PensionsFIrst has appointed Alan Colner as CEO of its North American unit. Colner has over 25 years of experience as a private investor, director, founder and advisor for numerous businesses, particularly within the financial services and technology sectors.
Prior to PensionsFirst, Colner was a partner at Compass Advisers, an international investment banking partnership, where he was adviser to PensionsFirst for the past two years, helping the company to raise capital and form alliance with State Street which is a minority investor in PensionsFirst Analytics.
Colner said Pension plans throughout North America face rapidly increasing financial pressure because of changing market, regulatory and demographic forces. PensionsFirst’s unique, web-based analytics platform, PFaroe, empowers pension executives with a substantially better way to measure and manage risk.
"The PensionsFirst team has dedicated their enormous talents to pioneering technology and capital markets solutions for improving pension management," Colner said.