David CollinsonHead of Strategic Development
David is responsible for strategic development at PIC, having previously been Co-head of Business Origination. David has nearly 30 years of experience in pensions and insurance and has led some of the largest transactions in the market, including the recent £1.6bn Total pensioner buy-in, the £1.5bn EMI all risks buyout and the £1.1bn Thorn buyout.
David has been with Pension Insurance Corporation since its inception in 2006, prior to which he was Global Head of M&A services at Watson Wyatt.
Karen DignanHead of Internal Audit
Karen Dignan has 30 years' internal audit experience, the majority at a senior and Head of Audit level in a range of organisations, primarily financial services. She was previously Audit Director in Old Mutual and has also worked at Deutsche Bank, the Financial Services Authority, Lloyds (TSB) Bank and Citibank. She has a degree in Applied Social Science and Masters in Internal Auditing and Management. She is also a Chartered Fellow of the Institute of Internal Auditors (IIA), was a prize winner in her professional examinations and is a former President of her professional Institute.
Karen is responsible for internal audit, providing independent review and opinion on the governance processes, management of risk and systems of internal control within the Pension Insurance Corporation, helping the Board and Executive Management to protect the assets, reputation and sustainability of the organisation
Giles FairheadChief Risk Officer
Giles has over 10 years’ experience in the insurance market and has previously held senior roles at both the Prudential Regulation Authority (“PRA”) and PwC. Giles has a background in scientific research and holds a Doctorate in medical biochemistry from the University of Birmingham.
In his role as Chief Risk Officer at PIC Giles is responsible for issues relating to risk, regulation, governance, compliance, ORSA and the Solvency II regime.
Matt GoreChief Administration Officer
Matt's team ensures that Pension Insurance Corporation's policyholders are paid the right pensions at the right time. A key area for his team is managing the transition process following a pension insurance buyout, when pension fund members become our policyholders.
Formerly head of bulk annuity operations at Prudential, he was responsible for all elements of the transition of the three largest bulk annuity buyouts and led the team building operational infrastructure. Whilst there, Matt played a key role in the teams that secured four insurance company annuity books and helped achieve their successful transfer to Prudential.
Kim GozzettChief Operating Officer
As COO, Kim is responsible for the operations of the company.
Previously the Managing Director of SG Hambros Bank UK Trust Company for 17 years, she was responsible for the Corporate Private and Charitable Trusts, their accounting tax and Investment Management. Kim has held many NEB roles, advising companies in all sectors and has led negotiations M+A transactions to successful conclusion.
She also established SG Hambros Financial Services Limited and held the position of Director on the Board of many of the Bank's subsidiaries and client companies. Kim latterly ran the Bank's London Human Resources.
Rob GrovesChief Investment Officer
Rob leads PIC’s asset and liability management team and has overall responsibility for managing the company’s fast growing portfolio. Rob was previously CIO at Friends Life, with responsibility for running investment strategies for the annuities business, with-profits and unit linked funds.
This included optimising strategic asset allocation, tactical asset allocation and asset liability management with responsibility for assets totalling over £100 billion. Rob has previously worked for UBS, Dresdner Kleinwort and Towers Watson.
Louise InwardGeneral Counsel
Louise is responsible for legal and compliance matters at Pension Insurance Corporation. Louise was previously at PricewaterhouseCoopers Legal as Head of Pensions.
An expert in pension regulation, including the clearance and scheme funding regimes, Louise was heavily involved in the development of the Pensions Act 2004 and in particular the moral hazard and clearance provisions. She then established and led the Corporate Risk Management Team at the Pensions Regulator.
Jay ShahHead of Business Origination
Jay heads our Origination team and has led a number of pension insurance transactions, for example, £500m and £200m bulk annuity buy-ins for the Cadbury scheme and London Stock Exchange schemes respectively.
Jay was previously actuarial adviser and Director of Corporate Finance at PricewaterhouseCoopers and then Corporate Development Director at Prudential UK where he led on £1bn+ bulk annuity transfers from other insurers.
More recently he was founder and Board member of the specialist bulk annuity insurer, Synesis Life, which is now part of Pension Insurance Corporation. Jay has 25 years of experience in the insurance and pensions sector having qualified as an actuary in 1991.