UK - The former head of IBM's in-house pension and risk-management consulting group, Martin Jack, has died of a heart attack.

Jack last month joined investment advisory Inalytics to head up its expansion into fiduciary management.

At the time of his appointment, he said the company would look to gather performance data for fiduciary management providers and chart their performance.

"We are building a model to monitor and assess strategic and tactical asset allocation decisions, as well as a framework to monitor and assess the effectiveness of pension liability hedging strategies," he said.

Jack spent 11 years at IBM, where he led RFe, the company's internal investment, pensions and risk management group, responsible for more than a dozen pension funds with an estimated $30bn (€21bn) in assets.

Prior to joining Inalytics, he was managing director at Northern Trust Global Advisors, where he headed the international multi-manager business.

At IBM, where he spent 28 years, he was also director of IBM Retirement Funds for the EMEA region.