What we do

About us

Established in 1988 to advise pension schemes, we have grown by changing and adapting to meet the ever-evolving needs of our clients.

We’ve done so by always exploring options, discovering new opportunities and finding the right way forward on their behalf. In turn, we have successfully expanded revenue and increased profits.

Our ability to evolve and adapt with the financial services market has always been key to creating new solutions to meet new challenges.

What started as an actuarial consultancy is now (through organic growth, acquisition, merger, joint venture, trade sale and flotation) a dynamic financial services group.

We operate companies focused on financial management and employee benefits to trustee consultancy and investment performance services, as well as data analytics and new ventures in defined benefit pension management, legal and insurance sectors.

Much of our transformation is down to the strategic vision of our leadership team.

Aside from the businesses we directly control, we also own significant holdings in XPS, formed by the merger with our actuarial consultancy in 2018; River and Mercantile, which merged with our institutional investment consultancy, P-Solve, before being floated in 2014; together with stakes in Craven Street Capital and Lexikin.

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Our board

Our board members have a reputation for innovative financial planning solutions. They champion high standards of client care and use their expert knowledge to improve the prospects of our clients.

Many of them have set up and run their own businesses, or have been instrumental in the growth and development of other businesses. They bring a deep level of understanding and pragmatism to our work.

Jonathan Punter

Punter Southall | Chief Executive

Prior to forming Punter Southall with Stuart Southall in 1988, Jonathan began his career with Duncan C Fraser and Co in 1978, where he became a Partner within seven years. He has 40 years’ experience in the actuarial profession and particular expertise in UK pensions, investment strategy, pensions in mergers, buy-outs and due diligence deals. A director of several investment companies in London and Dublin, he is also a Fellow of the Institute and Faculty of Actuaries.

Stuart Southall

Punter Southall | Director

Stuart Southall co-founded Punter Southall with Jonathan Punter in 1988. Having practiced as an Actuary for almost 40 years he now chairs Punter Southall Governance Services, the Group’s independent trustee business. Stuart is a Fellow of the Institute and Faculty of Actuaries and served as chairman of the Association of Consulting Actuaries 2010-12.

Angus Samuels

Punter Southall | Chairman

Angus has over 30 years experience in the investment industry, in both the UK and South Africa. Starting his working life as a Stockbroker in Johannesburg, he emigrated to the UK in 1986 and has held a number of senior roles including Chief Executive posts at Sanwa Asset Management, Credit Suisse Asset Management and Sanlam Investment Management. He also serves as a non-executive director of Sanlam UK and Sanlam Life and Pensions.

Kenneth McKelvey

Punter Southall | Group Managing Director

Kenneth joined Punter Southall in 1993 with a focus on widening the range of our activities. He remains responsible for the strategic development of Punter Southall Group and is a Director of its principal operating subsidiaries. Previously, he worked in a large UK pensions consultancy firm before taking an MBA at INSEAD Business School. He then worked in financial management and corporate strategy consultancy in Geneva, London and Paris. Kenneth graduated from City University with a degree in Actuarial Science and is a Fellow of the Institute of Actuaries.

Lukas van der Walt

Punter Southall | Non-Executive

Lukas is a qualified accountant with a background in corporate finance and more than 15 years Wealth Management experience. He was part of the Sanlam team that bought Merchant Investors, becoming CEO of Sanlam Investments and Pensions in 2004. He became CEO of Sanlam UK in July 2008 comprising businesses in financial planning, private clients and investments and pensions. He also served on the boards of Intrinsic Financial Services Limited and Nucleus Financial Group Limited as non-executive director during his tenure at Sanlam until February 2016. Current interests include private equity investments and Fintech developments.

Sandra Curtis

Punter Southall | Non-Executive

With senior investment roles at global asset management companies such as AllianceBernstein and Schroders, Sandra has a strong track record for developing investment strategies, together with managing risk and compliance in an increasingly regulated and challenging environment. Previously Head of Fixed Income at BNP Paribas, Sandra also holds a UKSIP (Level 3) Certificate in Investment Management and has completed the Investment Management Programme at London Business School. After gaining her degree in Economics from the London School of Economics, Sandra carried out research projects at the National Institute of Economic and Social Research. She is currently Honorary Secretary of the Society of Professional Economists.

Mandy Donald

Punter Southall | Non-Executive

With board experience in both complex organisations and early stage environments, Mandy brings a background of strategic planning and operational management to the Group. A chartered accountant by training, she spent 18 years with Ernst and Young before steering her focus towards the growth of new companies, serving on the boards of a diverse range of start-up businesses. Mandy is a Trustee of The Institute of Cancer Research, where she is also Chair of the Audit Committee. Mandy holds a Financial Times Non-Executive Diploma with a focus in corporate governance.

Gareth Knight

Punter Southall | Non-Executive

Gareth is a Non Executive Director at Punter Southall Group. He has over 20 years experience in the private equity industry, investing across the capital structure. Gareth heads the European Mid-Market investment strategy for ICG plc and has been with the firm since 2008. Prior to this Gareth worked at Goldman Sachs and The Royal Bank of Scotland. His involvement with Punter Southall Group began in 2012 when he led an investment into the group on behalf of ICG managed funds.

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