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Cardano strengthens its DC offering with two new appointments

Cardano, the pensions risk and investment management specialist, today announces two senior appointments in its Defined Contribution (DC) team.

David Bird joins as Head of DC Platform, a newly created role within Cardano, on 1 June 2020. Cardano also announces the appointment of Stefan Lundbergh as Head of DC Design for the Group.

In his new role, David will lead the continued development of Cardano’s DC offering which advises single employer schemes, particularly those of a certain size or with specific requirements. He will advise trustees on investment and risk management approaches to deliver robust and stable results for members. David and Stefan will also be working closely with NOW: Pensions, Cardano’s Master Trust.

David has over 30 years’ experience in financial services and joins Cardano from Willis Towers Watson, where he was responsible for the LifeSight DC Master Trust, a leading product in its market. David has been at Willis Towers Watson for over 21 years. He has accumulated lots of experience consulting across a wide range of clients and projects including pension change, responding to tax and other legislative change and de-risking.

David Bird commented: “I’m delighted to be joining Cardano at such an important time for DC pensions in the UK. Ensuring that DC members can secure more certain outcomes from their pension savings is more crucial than ever. I look forward to teaming up with Stefan Lundbergh and bringing Cardano’s leading risk managed solutions to DC savers in the UK.”

Stefan Lundbergh is currently Director of Cardano Insights, its highly regarded research department, and is considered one of the preeminent thought leaders in Europe with regards to Pension Design. Until recently, Stefan was a non-executive board member of the Fourth Swedish National Pension Fund (AP4). In the summer of 2017, he headed the review of the Swedish premium pension system. Stefan has held various positions at Algemene Pensioen Groep (APG) in the Netherlands and Skandia Life Insurance Company in Sweden. He holds a PhD from Stockholm School of Economics.

Kerrin Rosenberg, CEO at Cardano UK commented: “We are delighted to welcome David to Cardano. David’s knowledge as a platform specialist combined with Stefan’s expertise in Pension Design will be extremely beneficial to our clients. Their experience will both complement and strengthen our existing teams as we continue to grow our DC business.

Cardano has market leading investment expertise which can be applied across all UK DC pension schemes and David and Stefan will be looking at how that can be achieved. There has never been a time when Cardano’s risk management strategies have more relevance to today’s DC investors and this expansion is about developing products and services that reach out to the widest possible audience to improve the retirement outlook for everyone.”

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