Fiduciary management update

3 November 2021 | 9am GMT

Spotlight on climate change

This autumn bears witness to several landmark climate change events. At the beginning of October new Climate Change Governance and Reporting Regulations came into effect for certain pension schemes. Whilst November sees the UK host the 26th UN Climate Change Conference of the Parties (COP26). With this in mind, climate change is in the spotlight for our latest fiduciary management webinar.

Please join us on Wednesday, 3 November 2021, from 9.00 am to 9.45 am to understand the issues at hand and what action you should be taking.

We look forward to providing you with an update on our latest views and solutions and answering any questions you may have.

This webinar is FREE to attend and may qualify for CPD.

We welcome you to invite any of your pensions colleagues that you would like to join.

Please register your interest to ensure you don't miss out.

Agenda

  • Brief macro update - A whistle-stop tour of recent market performance and our latest investment views.
  • Climate change, the big picture -  The science, the history, and the financial services industry response.
  • Going green in LDI - The role Green Gilts have to play in liability driven investment.
  • Climate change governance and reporting - How fiduciary management can help clients fulfil their regulatory obligations and the next steps trustees should be taking.

Speaking at this event

Mark Davies

Managing Director, Derivatives

Photo of Mark Davies from River and Mercantile

Mark Davies

Managing Director, Derivatives

Mark was one of the founding members of the derivatives team in 2006 and sits on the Derivatives Investment Committee. He is the lead Senior Quality Assurance Representative for the Institute and Faculty of Actuaries Quality Assurance Scheme accreditation that the derivatives team has. His primary role is working with prospects and new clients on the design of derivatives strategies. Mark is passionate about derivatives education and making derivatives accessible to all pension schemes, regardless of size. He started his career at HSBC in pensions consulting before moving to River and Mercantile in 2004. A Fellow of the Institute and Faculty of Actuaries, Mark has an MA and Meng in Engineering from the University of Cambridge.

Roger Lewis

Group Head of ESG

photo of Roger Lewis from River and Mercantile

Roger Lewis

Group Head of ESG

Roger provides expertise and problem solving around Environmental, Social and Governance (ESG) matters at R&M. Areas of focus are designing and implementing strategy, integrating ESG to investment decisions and ongoing asset management, defining solutions for clients and engagement for ESG. Roger previously worked at Aviva Investors, where responsibilities included aligning ESG strategy and factors with investment functions across its £47.3bn Real Assets platform, which invests in property, infrastructure and private debt. Prior to this, Roger held roles at Legal & General Investment Management and J.P. Morgan. Roger has completed the UN Principles of Responsible Investment programme, holds the CFA UK Diploma in Investment Management (ESG) and has passed Level 1 of the Chartered Financial Analyst programme.  Roger is also a passionate advocate for limiting climate change to 1.5 degrees above pre-industrial levels.

Gerard Francis, FIA

Co-Head of Clients, Solutions

photo of Gerard Francis

Gerard Francis, FIA

Co-Head of Clients, Solutions

Gerard has responsibility for the delivery of services to clients, ensuring appropriate investment strategies are in place, client teams are suitably resourced and high levels of client satisfaction are maintained. He also leads the development of the firm’s strategic thinking, particularly around Integrated Risk Management, long-term funding targets and innovative ways to manage risk. Gerard is also the investment advisor to a broad range of fiduciary and advisory clients, developing and implementing investment strategies tailored to their specific circumstances. Gerard joined R&M in July 2019, having previously been Head of the Retirement & Investment Consulting Group at Willis Towers Watson.  In that role, Gerard combined being a scheme actuary with responsibility for investment consulting for smaller and mid-sized schemes. This included evolving Willis Towers Watson’s fiduciary management capability into a service that was appropriate for schemes of all size, not just the largest clients.  He also developed the firm’s Integrated Risk Management service, bringing together the often competing demands of funding, investment, covenant and liability management to deliver coherent strategies for clients. Outside of the office, Gerard shares his passion for football and motorsport with his family and two children.

Caryl Embleton-Thirsk, FIA CMgr

Director, Solutions

Caryl Embleton-Thirsk, FIA CMgr

Director, Solutions

Caryl is a senior team member or team leader on several defined benefit (DB) pension scheme clients. These include clients for which we act as an investment consultant, and clients that have appointed us as fiduciary manager. Caryl is recognised for her ability to explain complex matter simply and has significant input into the strategic investment advice given to each client. Caryl is also a key member of the research team responsible for Dynamic Asset Allocation mandates. As a result, she has experience of both developing client strategies and of conducting fund manager research. This dual role sharpens her expertise in both areas of activity – she understands what clients need from fund managers, and she knows what fund managers can realistically offer. Caryl became a Fellow of the Institute of Actuaries in 2014. She graduated in 2008 with a first class degree in Mathematics with Finance from the University of Manchester.

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