Penbridge Retains Consultant for Pension Risk Transfer Education

Richard A. Marin has been a member of the faculty of the Samuel Curtis Johnson Graduate School of Management at Cornell since 2007 and is contracted by Wiley & Sons to publish a book on the global pension crisis in September 2013. Penbridge’s education program is designed to help companies understand the dimensions of the pension risk transfer market, the costs associated with annuitizing defined benefit pension liabilities, and the plan termination process.   

During his more than three decades in the investment management industry, Marin was chairman and CEO of both Bear Stearns Asset Management and Deutsche Asset Management, and founded Beehive Ventures, a venture capital company. Marin earned his MBA and BA from Cornell University.  

“It is increasingly important for corporate America to understand the role pension risk transfer is poised to play in the U.S. retirement industry, especially among frozen plans,” Marin said. “Penbridge Advisors provides me with a unique opportunity to educate companies on the circumstances under which pension risk transfer is appropriate.”  

Penbridge provides pension plans with free access to a database of PRT products and providers at http://www.penbridgeadvisors.com/join/.