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Ron Sandler unveiled as Paternoster chairman

Ron Sandler has been signed up as chairman of closed life fund consolidator Paternoster.
Sandler, current chairman of financial education charity PFEG and former chief executive of Lloyd’s of London, takes up his position with immediate effect. He is also currently chairman of Computacenter, Kyte Group and Oxygen.
Paternoster, led by former Prudential UK chief executive Mark Wood, has already signed up former FSA chairman Sir Howard Davies, former Zurich chief executive Lord Leitch and former Institute of Actuaries president Jeremy Goford to its non-executive board.
Paternoster has raised a warchest of £500m from a consortium of institutions led by Deutsche Bank and Eton Park International to buy up defined pension schemes from UK companies looking to offload .

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