DLA Piper makes key partner hire in London to launch pensions de-risking offering

DLA Piper has appointed Amrit McLean as a partner in London to launch the firm’s pensions de-risking offering.

Amrit McLean is joining the firm from Aviva, where she was propositions and sales director. Amrit is a qualified pensions lawyer and has 13 years’ experience in pensions de-risking, pensions bulk annuity work, as well as handling large-scale trustee-side Bulk Purchase Annuities (BPA) projects. She has worked on many of the largest bulk annuity deals in the market for a number of insurers and pension schemes, and focuses on creating market leading de-risking solutions for defined benefit pension schemes.

Commenting on her appointment, Ben Miller, UK head of Pensions at DLA Piper, said: “Amrit has advised on some of the most complex transactions in the market and brings valuable de-risking expertise that very few in the legal market have. She is one of the few, if not the only, pensions lawyer with de-risking experience to have also spent six years in the business team at two major insurers. 2018 was a landmark year for BPA deals, with over GBP30 billion of pension de-risking transactions, and this market is expected to keep growing. Amrit brings a wealth of experience in this industry and I am confident that she will help us capitalise on the significant opportunities that lie ahead”.

Melanie James, global co-chair, Insurance sector, added: “With GBP2 trillion in pensions liability yet to de-risk, BPA is understood to be the future focus of the pensions industry. There are a number of key insurance players in this market which require external legal advice. Amrit’s experience, deep sector knowledge and strong client relationships will help us build our capabilities in this growth area to meet the significant client demand”.

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