L&G makes key PRT hire

L&G makes key PRT hire

Pretty Sagoo has been appointed as head of the strategic business within Legal & General’s pension risk transfer (PRT) business.

She will be responsible for implementing large scheme pension buy-ins, buyouts and longevity insurance transactions in the UK as well as supporting schemes more generally in achieving their de-risking objectives.

Sagoo joins from Deutsche Bank where she most recently led the insurance and pensions solutions team. Prior to this she held roles at AXA Sun Life and Goldman Sachs. She has been trustee for a UK pension scheme for the last six years and has a PhD in Physics from Imperial College London.

She brings 15 years of experience working across the banking and insurance industries working in asset allocation, de-risking, longevity risk management and most recently, Solvency II.

Chris DeMarco, managing director of UK PRT, said: “I’m delighted to welcome Pretty to the team at a time when trustees and sponsors of defined benefit plans are increasingly focused on transferring their risk to insurers.

“I am confident that Pretty’s experience and expertise will help us continue to deliver outstanding outcomes to our clients.”