Team

Steve Keating steve.keating@penbridgeadvisors.com

Steve KeatingSteve is Founder and Principal of Penbridge Advisors. He has 20 years of experience in defined benefit pension and insurance consulting. At Penbridge, Steve focuses on helping corporate DB plan sponsors evaluate plan cost, pension de-risking alternatives, and choosing annuity products and providers. Steve also advises insurance companies on pension risk transfer market entry preparedness. Steve designed and launched Penbridge’s PRT Database, currently used by more than 380 plan sponsors and advisory firms. More recently, Steve designed and launched the first industrywide DB expense survey and benchmarks reports. Steve also leads Penbridge’s information services business, which licenses annuity buyout pricing and DB expense benchmarking data to DB plan service providers. Steve served as an annuity market expert to the Motorola Solutions’ Annuity Committee, supporting the fiduciary oversight of the company’s $3.1 billion annuity buyout transaction. He testified at the hearing before the ERISA Advisory Council on “Private Sector Pension De-risking and Participant Protections.” Steve works with a broad range of DB market participants, including plan sponsors, advisory firms, insurance companies, asset managers and independent fiduciaries. Steve is a regular speaker at industry events on pension risk issues, has co-authored numerous Penbridge thought leadership papers and has been featured in various business and financial news publications. He obtained his BS in Engineering from Syracuse University.

James Walton FSA, CERA james.walton@penbridgeadvisors.com

James WaltonJames is a Senior Consultant at Penbridge Advisors providing technical and strategic consulting services to Penbridge’s clients. James has extensive pension risk transfer experience, having spent 6 years at Legal and General where he performed a number of investment management roles related to the retirement business in both the UK and the US. This included ALM, credit strategy and illiquid assets. James was part of the team that started L&G’s US PRT business and was responsible for investment strategy. He created a separate account structure for a jumbo transaction in 2015 and formednew investment and risk polices for PRT. Following L&G’s first transaction in the US, James’s team won the 2015 Corporate Liability Strategies award from CIO magazine. James started his career at Aon as an ALM consultant to defined benefit pension plans where he also developed Aon’s LDI and strategic asset allocation processes and analytics. James is a qualified actuary and holds a Masters degree in Physics (summa cum laude) from the University of Oxford.