Fraser Smart has been promoted to head of Buck Consultants worldwide in a move that will see him relocate to the firm’s New York office.
Smart (pictured), who has more than 20 years’ of industry experience, joined Buck in 2006 to manage the firm’s Edinburgh and Manchester offices before being appointed European managing director in 2010.
He said: “I am taking on this role during an exciting time for Buck. Employers and employees globally are facing challenges and opportunities in retirement and health care, for example health care reform in the United States, the growth of a vibrant Brazilian economy, active de-risking of pension plans and overall HR spend optimisation for Canadian companies and other changes and developments around the world.
“I look forward to bringing insights into the successes we have had in the United Kingdom and applying them broadly across Buck so that we continue to anticipate the needs of our clients around the world, and deliver on our promises to them.”
Smart will be replaced as managing director, Europe, by Steven White, who will assume responsibility for the combined administration and consulting business in Europe. He has been promoted from managing director Buck Global Investment Advisors and Global Benefits Administration.
White joined Buck in September 2005 as head of the UK investment consulting team, becoming managing director of Buck Global Investment Advisors in 2010 and of the European Benefits Administration business of Buck and Xerox in 2013.
Smart said: “Since joining BGIA, Steven White has developed a global investment consulting team, providing advice to a range of institutions with assets totaling more than $75bn, and has managed our benefits administration business in Europe. Steven is well placed to drive Buck’s combined administration and consulting business forward in Europe.”
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