Stephen Watson has been named head of defined contribution (DC) delivery for Alexander Forbes Financial Services.

Before his appointment Watson held the position of new business consultant with the company since 2006.

In 2001, Watson founded a specialist risk management company in Johannesburg, South Africa called Fusionry, which he headed as managing director. He moved to the UK in 2004 to complete a full-time MBA at Birmingham City University.

Watson intends to focus on “growing an already successful value proposition” in his new position.