Neil leads the trading team in London, which provides support for clients with European exposures that utilise Milliman’s global hedging platform. His team is responsible for the day-to-day monitoring of client hedge positions and execution of hedge re-balancing trades, on a variety of variable annuity and risk-managed investment fund portfolios. These portfolios cover a wide range of exposures to equity, bond, currency and interest rate markets. He also holds a senior regulatory role for Milliman Financial Strategies Ltd, an FCA authorised investment manager.
Neil has worked on a number of M&A assignments where he has acted as a lead advisor on transactions involving portfolios of insurance guarantee products, and the hedging and risk management strategies that support them.
While at Milliman, Neil has also gained extensive experience on:
- Market consistent pricing of guarantee liabilities and their sensitivities
- Solvency II valuation of market risk, derivatives and dynamic risk management strategies
- Establishment of reserving, capital and profit recognition methodologies for guarantee products
- Assessment of the profitability and capital requirements of guarantee products; using a variety of models (including nested stochastic investigations) on a variety of reporting bases (including UK / Irish / US GAAPs; Solvency II)
- Asset modelling and projection of future investment returns, including modelling of dynamic asset allocation strategies
- Hedge performance measurement, attribution and reporting for variable annuity businesses
- Implementation of dynamic hedge programs (valuation, capital markets and reporting)
- Hedge design analysis for variable annuity products
- Guarantee product business case and feasibility studies
