Validus Appoints Senior Pension And Asset Management Specialist

Validus Risk Management (‘Validus’), the leading independent financial risk advisory and technology firm, today announces the appointment of Andrew Spence as a senior advisor in Toronto focusing on pension plans and asset managers.

Andrew will support Validus in the delivery of innovative risk acquisition and management solutions as the firm expands its business into the pension and asset management sectors. Drawing on his experience in strategic asset allocation and risk management, he will provide thought leadership to address complex challenges in the macroeconomic and financial environment.

Andrew brings thirty years of experience as an economist, investment strategist and risk manager in both the public and private sectors. He previously led rates and FX research at TD Securities and was a senior investment executive at both the Ontario Teachers’ Pension Plan and OMERS. Andrew has also provided macroeconomic policy analysis in the government economic service at His Majesty’s Treasury in London and was seconded as Special Adviser to the Governor of the Bank of Canada in Ottawa bringing financial sector experience to the Bank’s monetary policy review committee.

Commenting on his assignment, Andrew said: “I am delighted to advise Validus on its expansion into the investment management space. As an established leading provider of risk management solutions, I look forward to contributing to the firm’s continued and future success.”

“Andrew’s advice is welcome at an exciting time as Validus looks to expand its existing presence in the pension and asset management sectors in response to growing demand for our depth of resources, expertise and infrastructure to shape innovative and cost-effective solutions to investment problems. Andrew’s extensive experience will be an invaluable addition to the team, and we look forward to working with him.” added Kevin Lester, Chief Executive Officer at Validus.