Senior management team

David Norgrove

Chairman PensionsFirst Group

David Norgrove is Chairman of the PensionsFirst Group and leads the company's drive to deliver innovative analytics and risk-transfer solutions to the defined benefit pensions industry. David oversees the company's continuing push to establish market leadership in pension analytics, as well as cost effective insurance-based risk transfer solutions.

David is currently Chairman of the Low Pay Commission, the Family Justice Review Panel and Deputy Chairman of the British Museum. Prior to this, he was Chairman of The Pensions Regulator from its inception in January 2005 until December 2010.  He spent 16 years with Marks & Spencer in various roles and was one of five Executive Directors that planned, communicated and led the company's turnaround between 2000 and 2002. He went on to be appointed Executive Director for clothing and international business, responsible for sales of £4 billion. He was also appointed Chair of the M&S pension scheme - leading trustees through issues associated with Philip Green's ultimately unsuccessful bid for the company. David began his career as an economist at the Treasury before becoming Private Secretary to the then Prime Minister, Margaret Thatcher.

Timothy Lyons

CEO PensionsFirst Group

Timothy has worked in the capital markets for over 30 years. His early experience included working for Manufacturers Hanover Limited, CSFB and Salomon Brothers, before founding Quadrant Capital, in the early nineties. Quadrant Capital was an independent asset management business, the operating platform of which was sold to The Bank of New York in 2002.

Timothy has a history of innovative product development and building businesses, including playing a leading role in the development of the newly emerging swaps market in 1982 and establishing the first London based structured finance group in 1987. He was also responsible for the development of a number of innovative securitization structures in the 1990's.

In 2007, he founded PensionsFirst with the ambition of changing the way the defined benefit pensions industry measures and manages risk. In 2009 PensionsFirst launched PFaroe, the industry's first web-based risk platform providing consistent analysis and valuation of funding and risk, which has won a number of industry awards and is acquiring a prestigious client base in the UK. PensionsFirst is also developing a new generation of risk transfer solutions for the defined benefit pensions industry which it expects to launch in 2012.

Fiona Page

CEO PensionsFirst Analytics

Fiona is a co-founder of the PensionsFirst Group and is the CEO of PensionsFirst Analytics. Previously as CTO, Fiona was responsible for the design and development of PFaroe, PensionsFirst's unique business intelligence platform.

Fiona began her career as an accountant in the United States, before joining the Corporate Finance Department of Hoare Govett, where she focused on LBO's.

She was a founding partner of Quadrant Capital, where she occupied the roles of COO and Head of Systems Development. At Quadrant she was responsible for the development of a sophisticated fixed income risk management and reporting platform, which was sold to The Bank of New York in 2002. Fiona became CEO of QSR, the new operating subsidiary established by The Bank of New York to service fixed income asset managers globally.

In 2004 she established her own consultancy business focusing on system solutions for a number of global financial institutions.

Benjamin Reid

President PensionsFirst Analytics

With a strategic focus on bringing new products and solutions to market, Benjamin drives thought leadership at PensionsFirst and steers the product commercialisation process bringing unique and ground-breaking solutions to the pensions market.

Prior to joining PensionsFirst Benjamin was a Director at Wachovia Securities in New York where he was responsible for the origination of a broad range of asset financings including securitizations for the life insurance industry and whole business securitizations of sport and retail franchises. In this role he worked closely with syndicate and distribution to develop an alternative investor base from the pension, endowment and hedge fund community.

Before Wachovia, Benjamin was the US Managing Director of Burgundy Global, a unique managed services company, specializing in formulating corporate strategy and delivering IT-based ground transportation solutions. He was responsible for planning and directing all aspects of company policy, with full P&L responsibility.

After completing an MBA at INSEAD, Benjamin began his career on the investment desk of Quadrant Capital, an independent asset management business, investing in high-grade corporate and ABS products. In 1999 he was made a Director of the company in charge of marketing and business development including the distribution of leveraged capital and investor relations. He remained a Director until Quadrant sold its operating business in 2002.

Hugo James

CEO PensionsFirst Capital

Hugo joined PensionsFirst in 2012 and is CEO of PensionsFirst Capital to lead the company's drive to offer alternative de-risking solutions for defined benefit pension schemes. He was previously a managing director at Credit Suisse within fixed income where he led the £1.7bn ITV longevity transaction.

Prior to Credit Suisse, Hugo was a senior member of the annuities management team at Legal & General. He was responsible for origination and structuring of bulk annuities and the development of L&G's longevity offering. Hugo has more than 15 years of corporate advisory, capital markets and insurance experience.

Alan Colner

CEO North America

Alan's responsibilities include the development and management of PensionsFirst's business in the US and Canada, in addition to his work as a Partner in the parent company. Alan brings to PensionsFirst over 25 years as a successful private investor, director, founder and advisor for numerous rapidly growing businesses, particularly within the financial services and technology sectors. He has also worked extensively with major institutional investors throughout the world, and with many leading alternative investment managers.

Before joining PensionsFirst, Alan was a Partner in Compass Advisers, an international investment banking firm. While at Compass, Alan acted as an advisor to PensionsFirst for over two years, helping the Company to raise capital and build a strategic alliance with State Street Corporation.

Prior to joining Compass, Alan was Managing Director, Private Equity Investments for Moore Capital Management, a multi-billion dollar global investment firm. He established and led the development of Moore's highly profitable private equity group. In managing Moore's private investments, Alan was a director of privately-held and publicly-traded companies across a range of industries, and he served on the advisory boards of three private equity firms.

Before joining Moore, Alan was a Managing Director at Corporate Partners, a top-quartile private equity fund that invested approximately $1.5 billion on behalf of institutional investors, including large corporate and public pension plans.

Before joining Corporate Partners, Alan worked as an investment banker at Lehman Brothers in the mergers and acquisitions, corporate finance and leveraged leasing departments.

Alan was a director of James River Group, Inc. (NASDAQ: JRVR), a specialty insurance company which he co-founded, from 2002 until its sale in December 2007 for approximately $573 million. Alan has also chaired the investment committees of three insurance companies.

Alan received an M.B.A. from the Stanford University Graduate School of Business (Arjay Miller Scholar) and a B.A. from Yale University.

Jonathan Stolerman

CFO PensionsFirst Group

In addition to his responsibilities as Group CFO, Jonathan helps lead the development of PensionsFirst's financial services businesses having been involved in the sector for more than 25 years.

As Group CFO, Jonathan is responsible for all of PensionsFirst's capital, finance and legal affairs including the formation, development and operation of its regulated businesses.

Previously, Jonathan was a founder of Quadrant Capital with responsibility for structuring and product development having run structured finance groups at Prudential Bache and Hoare Govett.

Jonathan began his career as a Chartered Accountant with Price Waterhouse and has worked in London, Hong Kong and Sydney.

Wayne Chen

Partner - Professional Services

Wayne is responsible for the development of the market-leading analytic platforms that support all of PensionsFirst's products. Wayne's expertise lies in the area of risk quantification and risk management, having led the development of market consistent valuation, economic capital and risk / return analysis frameworks.

Wayne heads a large team of professionals including actuaries, risk managers and quants, responsible for the development of the risk analytics and valuation methodologies used by PensionsFirst to provide asset, liability and risk analytics to our customers.

He is a UK qualified actuary with experience across the pensions, life insurance and healthcare markets. Prior to joining PensionsFirst, he was a senior manager with Oliver Wyman, providing advice to a number of major global financial institutions on issues ranging from strategy to financial effectiveness.