Longevity and mortality risk transfer marketplace Longitude Exchange has appointed Guy Coughlan to its newly formed Advisory Board.
Coughlan was involved in building the LifeMetrics Index at JP Morgan and has decades of experience and understanding of longevity risk and its implications for pension schemes and insurance companies, with expertise in understanding how transacting in a format suitable for capital market investors can add value for longevity and mortality risk hedgers.
“Guy Coughlan is one of the founding fathers in the longevity risk management universe,” said Avery Michaelson, CEO of Longitude Exchange.
“His work at JP Morgan creating the LifeMetrics Index was instrumental in bringing new forms of risk transfer to the longevity world, and paved the way for the advancement of this market that Longitude Exchange seeks to achieve today,” Michaelson added
“We’re excited to tap into his knowledge and experience as we strengthen our platform’s transactional capabilities.”
Coughlan currently serves as Non-Executive Director to the JP Morgan Chase UK Retirement Plan and has previously been the Chief Risk Officer of Universities Superannuation Scheme.
“Guy’s insights and contacts in the pensions space, particularly in the UK market, are a welcome addition as we advance our proposition for this segment of the longevity risk transfer chain,” added David Schrager, Longitude Exchange’s CFO.
“I’ve known the Longitude Exchange team for many years and followed their development intently since they announced their new venture last year.
“With the strong growth in pension risk transfer activity over the last 12 months, and the increased challenges this will bring for the entire longevity market, I felt the time was right to re-engage with this topic. I’m excited to see what we can achieve with the LE platform in this new environment,” added Coughlan.