As Praemium’s director of pensions in a newly created role, Sanderson will be based in Dubai with responsibility for its Middle East operations as well as its UK and international pensions and packaged retirement strategies.
He will work closely with Rebecca Murphy, director of sales and marketing, to develop Praemium’s offshore presence, the company said, having already helped to develop its overarching strategy for the retirement business with chief executive Michael Ohanessian.
Sanderson has spent over 10 years of his career in the UK and international pensions space, including a six-year stint at Brooklands Pensions (since rebranded as IVCM) from 2010, a senior pension technician role with consulting actuaries Barnett Waddingham and pension administration positions at Aon Consulting.
Michael Ohanessian said Sanderson was joining Praemium at an exciting time as it started to build this “new strategic area” of its business.
“He has a wealth of experience in managing pension businesses and developing innovative retirement solutions that support the growth of adviser businesses and deliver the right investment outcomes for investors”.
Sanderson said: “Praemium has a clear strategy to deliver these services to clients across a variety of different distribution channels and markets. The development of the proposition will be adviser led and we will work closely our strategic partners to deliver creative solutions that meet the needs of their clients.”
In September, Praemium bought UK Sipp provider Wensley Mackay as part of its international plans to tap into the opportunities created by the UK’s radical pension freedom reforms.
