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Gary is leader of Milliman's financial risk management practice in London. He joined the firm in 2005.
Experience
Since joining Milliman, Gary has lead the firm’s service offerings involving new product and hedge design work for a number of multi-nationals within the UK and Europe. He has specifically been involved in some very high-profile and highly successful product launches relating to applying variable annuities to the UK, Germany, and other markets. His projects have spanned the full life cycle of the product development project, starting with strategic business case work, product design, hedge design, and implementation of risk management systems.
Prior to joining Milliman, Gary spent five years within the life actuarial practice of Ernst & Young, where he was a principal and headed the ALM service line. He has worked on a number of major stochastic modelling assignments and derivative hedging transactions. In addition to new variable annuity product development, Gary has assisted diverse companies with risk and economic capital management, particularly for businesses with embedded guarantees, including investment, bonus, and reinsurance strategies for traditional books.
Gary also has extensive experience in financial reporting, including statutory reporting in various countries, European embedded value (and market-consistent embedded value) reporting, and US GAAP. He was on the global research and development team for International Financial Reporting Standards at Ernst & Young. Prior to becoming a consultant, Gary worked in the European division of Commercial Union (latterly Aviva), where he gained extensive experience in various European markets, including Belgium, Italy, Spain, Sweden, Switzerland, Poland, Greece, and Russia.
Presentations and publications
Gary is the author of the prize-winning "Maturity Guarantees Revisited - Allowing for Extreme Stochastic Fluctuations" (British Actuarial Journal, 1997). Other papers authored or co-authored by Gary include:
Embedded Options and Guarantees - Leading Edge Approaches, Proceedings of the AFIR, 2003"
Measurement and Management of Credit Risk, Birmingham Life Convention, 2003
Derivatives and Dynamic Asset Allocation in With-Profits Funds, Report of the Derivatives in Life Assurance Working Party, Staple Inn Actuarial Society, 2004
Education
BSc (hons), Computer Science, Pure Mathematics, University of Sydney
MBusSc, Business Science, University of Cape Town | 