Isle of Man-based pensions provider Boal & Co has named Danny Winrow, previously an actuary with the firm, to the role of director.
The appointment is part of a restructuring of the company’s management team following the death of its founder, Gary Boal, three months ago.
A chartered accountant and qualified actuary, Winrow, pictured, has been with Boal & Co since August 2014. In his new role he’ll work alongside chief executive Mark Kiernan.
Kiernan said Winrow’s promotion would help to facilitate the expansion of the company’s international QROPS business.
Boal & Co currently has “a number of domestic and international projects” under way at the moment, Kiernan added, which he said would further establish the company as the Isle of Man’s largest pension provider.
Boal & Co dates back to 1995, when it was founded by Boal, a native of Northern Ireland, initially as an actuarial consultancy to service the Isle of Man’s international life companies. Kiernan joined two years later. The business expanded into international pensions after the changes to UK pension regulations that occurred in 2006, known as A Day.
Last year Boal & Co acquired Zurich’s trust business in Jersey, after having entered the Gibraltar trust market a few months earlier. So today, in addition to the Isle of Man and Gibraltar, the company also has offices there as well as in Hong Kong. Total assets under trusteeship now total more than $10bn (£6.5bn), most of which belongs to clients who live outside of the UK.