Sections

New UK consultant Penfida to focus on trustees

UK – A group of former investment bankers at Lazard have set up a consulting firm to focus on advising pension fund trustees.

But Penfida Partners stress they’re not in direct competition to established consultants such as Watson Wyatt.

Penfida joins a new batch of firms such as Blacket Research and Pension Advisor Review that offer a different type of advice to traditional consultants.

Founder Jonathan Dawson told IPE that Penfida wouldn’t aim to be a “gate keeper”. Instead it would complement existing skills. There was a new space opening up in the market, which did not entail giving direct investment advice.

“We’ve got decades of investment banking experience on how to cut deals and give advice,” he said.

Penfida would not advise corporates, he added: “We’ll only focus on the trustee space.” He added that the firm has had a number of encouraging conversations with trustees and solicitors.

Dawson and co-founder Paul Jameson both chaired Lazard pension funds amid the restructuring and flotation of Lazard last year.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here