JLT Employee Benefits is to implement a new management structure, which focuses on developing closer direct relationships with its employer clients.
Under the new structure, which will take effect on 1 January 2014, Malcolm Reynolds, managing director, will be responsible for existing relationships with employers across key products and services, including auto-enrolment consulting, BenPal, defined benefit and defined contribution pension administration, health, risk and wellbeing consulting, trustee and corporate consulting.
Peter Ball, managing director, will take additional responsibility for a newly-formed new business division, which will prospect for new employer clients across all product areas. Ball will continue to lead the investment business, which includes the JLT investment platform.
The consultancy has also appointed Teresa Beach chief operating officer (COO).
She has more than 20 years’ experience across a wide range of sectors, including insurance, telecoms, engineering and the public sector.
Mark Wood, chief executive of JLT Employee Benefits, said: “The organisational changes reflect that more and more of our relationships with [employer] clients extend across several products and services.”
Beach added: “Over recent years, [JLT] has established itself as one of the leading players in the pensions consultancy market and, with our new structure positioning us well for the next phase of our growth, I look forward to making a significant contribution to this effort.”