Meet the team
Get in touch with our expert team today to discuss a potential de-risking transaction for your defined benefit pension scheme.
With experience working with trustees and employers, we're here to help you ensure that your scheme's future is secure.
Paul Bowker - Director of BPA Solutions
Paul leads Bulk Annuities, individual annuities, and Equity Release funding at Royal London.
Paul is a qualified actuary with over 20 years’ experience in defined benefit pensions and life insurance. Over the last 4 years, Paul has been responsible for the growth in Royal London’s individual annuities proposition as well as our bulk annuity market entry. Paul has held several senior roles at Royal London, including responsibility for 5 million policies in our Long-Standing Customer book.
Before Royal London, Paul worked at Willis Towers Watson, Royal Liver Assurance and Mercer.
Frankie Borrell - Head of BPA Origination
Frankie leads our Bulk Annuity Origination team.
Frankie is a qualified Actuary with 15 years of experience in the bulk annuity market, across both insurers and consultancies. Most recently he was Head of Risk Settlement at Cardano, where the team led the brokering of the £4.8 billion buyout of the Boots Pension Scheme, the largest single bulk annuity ever completed.
Prior to that he worked at three bulk annuity providers across eleven years, most recently at Legal & General where he sat on the Bulk Purchase Annuity leadership team.
Matt Lendon - Head of BPA Pricing
Matt leads our Bulk Annuity Pricing team which is responsible for the production and modelling of Bulk Annuity pricing activity.
Matt is a qualified actuary with over 20 years’ experience in defined benefit pensions and life insurance. His experience includes 9 years working in pricing and proposition development for bulk annuities at both Legal & General and Scottish Widows. This included development of pricing systems and oversight of management adjustment compliance, in addition to technical and commercial pricing.
Costas Yiasoumi - Head of BPA Operations
Costas leads the operations and administration teams for our Bulk Annuity business.
Costas is a qualified actuary with over 30+ years’ experience, much of which has focused on pension risk transfer. His positions at financial institutions have involved advising trustees boards of UK defined benefit schemes and their corporate sponsors, leading and implementing many bulk annuity transactions with insurers.
Prior to Royal London, Costas held senior executive roles leading teams responsible for the delivery of pension risk transfer products. In addition, Costas has chaired various groups for the UK actuarial profession.
Phillip Sturgess - BPA Commercial Director
Phil is responsible for the strategic delivery of our Bulk Annuity proposition.
Phil is a qualified actuary with over 20 years’ experience in the life insurance market, including 13 years in roles directly related to bulk annuities. He was previously Director of DB Commercial at Just where he was responsible for Pricing, Proposition Development and Reinsurance Structuring for the bulk annuity business unit and managed a team of around 35. He was also part of the team that set up the bulk annuity provider Lucida and held roles in pricing, longevity and reporting before supporting the sale and transition to Legal & General.
Origination team
Our Origination team lead the management of our buy-in transactions and our relationships with consultancies and trustees.
Baljit Khatra - BPA Origination Lead
Baljit is a qualified actuary with 14 years of experience in DB pensions, with 10 years specialising in advising trustees and corporates on pension risk transfer strategy, broking and execution. He has worked in the risk transfer teams at both Mercer and Hymans Robertson, where he was a senior consultant. Baljit joined Royal London in 2023 to help build the bulk annuity business ahead of entering the market.
Beatrice Male - BPA Origination Lead
Bea is a qualified actuary who has originated and led transactions in the bulk annuity sector for over six years. She’s also got significant experience launching new insurance products and streamlined solutions in the bulk annuity market. Prior to joining Royal London in 2024, Bea worked in Legal & General’s Client Solutions and New Business teams. Bea started her career in life insurance consulting, working at Willis Towers Watson and Milliman UK.
Moin Patala - BPA Origination Lead
Moin is a qualified actuary with over 15 years’ of experience in the life insurance sector, across both insurers and consultancies. Since joining Royal London 10 years ago, he has held senior roles across Finance, Risk and Audit. He joined the bulk annuity team to establish and manage governance and oversight arrangements ahead of entering the market. Before Royal London, Moin worked at PWC and Royal Liver Assurance.
Kate Sinclair - BPA Origination Manager
Kate is a qualified actuary who has been working in the bulk annuities sector for five years, across insurance and consulting teams. Kate joined Royal London in early 2024 to help with the development of our bulk annuity proposition. Prior to joining Royal London, Kate worked in Scottish Widows’ bulk annuity team and within pensions consulting, as a Risk Transfer Specialist at Hymans Robertson.