We do more than solve our clients’ problems. We add value by leaving them in a stronger position than when they engaged us – and knowing we’re there when next they need us.
Meet our key people, who are supported by a dedicated team of consultants and analysts
Adrian McGarvaManaging Director BEc (Actuarial) FIAA
Adrian qualified as an actuary in both Australia and the UK, and has extensive experience within the general insurance, reinsurance and corporate finance industries in Australia, the UK, and Switzerland. Adrian has over 25 years’ experience, including seven years as the Chief Actuary of a global insurance and reinsurance group where he was responsible for the pricing, reserving, and capital adequacy functions as well as providing significant input into underwriting and business strategy.
He has been the Managing Director of PFS Consulting since early 2020 after 8 years as a Principal.
Speak to Adrian about anything to do with actuarial and insurance matters, finance, running, snowboarding or twins.
John NewmanChairman BBusSc (Hons) FIAA FAICD
John is the Chairman of PFS, an actuary by training, and a very experienced and highly respected consultant. As well as advising on actuarial issues, financial modelling, and risk management, John has extensive governance, strategic, and operational expertise. He is also on the Board of a charitable Foundation, and is a past President of the Actuaries’ Institute (Australia).
Speak to John about actuarial and risk matters, sailing, and financial services – including running a financial services business.
Martin FitzpatrickDirector BA (Actuarial Studies)
Martin has deep experience in both the financial services and technology sectors. He provides advice on financial modelling, IT systems, and risk management to insurers, superannuation funds, industry associations, and government entities.
Speak to Martin about using financial modelling to solve real business problems (not just actuarial ones!) as well as any good sci-fi and fantasy books you have read.
Jane ByrneDirector B Com MBA (Exec) FGIA FFin
Jane is an experienced governance and risk management professional who has worked at senior executive and Board level in public, private and government businesses. She is committed to helping superannuation Trustees and other Directors improve their governance, and their management of strategy and risk.
Jane’s expertise includes general management, corporate governance, strategic planning, risk management, audit, and legal management. She is also a non-executive director on a not-for-profit board.
Speak to Jane about governance and risk, crime fiction and the Sydney theatre scene.
Ian LaughlinPrincipal FIAA FIA BSc FAICD
Ian has had a long career in financial services senior management and board roles, in Australia, the UK, New Zealand and Hong Kong.
He was Managing Director of Pearl, London Life and NPI in the UK, at a time of major upheaval. Until recently, he chaired the boards of OnePath Life, and OnePath General Insurance. Prior to mid 2015, he was Deputy Chairman of APRA, the prudential regulator of banks, insurance companies and superannuation funds.
He has a deep interest in risk management and risk culture. In recent years, he has had a particular interest in the impact of social attitudes and norms on risks for financial services businesses.
Speak to Ian about risk management and culture, governance, prudential regulation and classic cars.
Thach HuynhPrincipal BEc (Actuarial) AIAA, SA FIN
Thach is an actuary and senior associate of FINSIA, and a leading practitioner in the areas of valuation and financial modelling. He has worked in specialist financial modelling roles, and as a management consultant, both in Australia and overseas.
Speak to Thach about stochastic analysis and modelling, unlocking insights from data, executive remuneration, and the benefits of living and working in Canberra.
Stephen CrumpSenior Consultant BA FIAA
Stephen is an actuary with extensive experience in the financial services sector, including more than 20 years as a consultant. He provides advice to employers and Trustees on superannuation and employee benefits, to banks and credit providers, and to insurers and other financial institutions. Stephen is also an experienced financial modeller and assists a wide range of clients with financial analysis, assessing reserves, and budgeting and reporting.
Talk to Stephen about superannuation, banking, financial modelling, and cycling (but not while he’s going uphill!)
Doug DrysdalePrincipal BSc (Hons) FIAA
Doug is one of the founders of PFS, having established the company in April 2001 with two others. He specialises in providing strategic as well as technical actuarial advice to superannuation funds and to statutory long service leave schemes. He has overseen the successful merger of three industry funds and provided expert witness opinions on a range of issues including super splitting under family law legislation.
Speak to Doug about superannuation, his insights and expert opinion on any financial issues with an actuarial element, and football (with a round ball!)
Lynton NorrisPrincipal BBUS(Acc) BBUS(IntTrade) FCPA GAICD
Lynton has a background in the public sector, focussed on developing and implementing policy initiatives and operational reforms in complex areas of public policy. His past roles include Deputy Director-General in ACT Health; CEO of the Commonwealth’s National Health Funding Body; and Director Budget Management and Funding in the Victorian Department of Health.
Combining expert financial acumen and understanding of data and analytics, Lynton applies his extensive policy design and reform experience at Board and Executive levels to help organisations achieve desired strategic, commercial and operational objectives.
Lynton has successfully led national reforms and integrity/performance reviews; evaluated investment models and frameworks; and developed policies and procedures.
Speak to Lynton about all things policy and programs, investment frameworks, budgeting, financial analysis and how data and analytics can be used to gain new insights into business performance. He is also always up for a chat in respect to cycling (both on and off-road!!).
Fred RowleyPrincipal MA FIAA CERA
Fred Rowley is a senior actuary and an experienced financial and general manager with over 40 years’ experience in the life insurance industry in Australia and the UK. He advises companies, boards, and insurance regulators on financial reporting; embedded values; capital and risk management; corporate reconstructions; demutualisation; M&A transactions; product development; corporate planning and strategy
Fred has held a number of senior roles in the industry, including Chief Corporate Actuary of AMP where he managed the actuarial aspects of the AMP demutualisation, and Chief Actuary and Appointed Actuary of TAL Life Ltd. He is a past President of the Actuaries’ Institute (Australia), has received the Actuary of the Year award in recognition of his contribution to the profession, and was President of the International Actuarial Association in 2015, giving him an extensive global network.
David RushPrincipal BEc FIAA
David is an actuary with over 30 years’ experience. Before joining PFS he was with a big four accounting firm, and prior to that with APRA in various senior executive roles, including involvement with international regulators.
He has detailed knowledge of the new Insurance Accounting regime (IFRS 17 and the associated AASB 17) and its implications for all types of business. As a member of the Australian Transition Resource Group for AASB 17, and of the relevant actuarial taskforce, David is deeply involved with the development, interpretation and implementation of the new standard. He has also advised regulatory authorities in a number of jurisdictions on a range of supervisory matters.
Talk to David about the new Insurance Accounting standard, prudential regulation, retirement incomes, and the history of musicals.
Ian Pollard AMPrincipal BA MA(Oxon) DPhil(IMC) Hon. DBus FIAA FAICD
Ian has been named a Member of the Order of Australia in the 2021 Australia Day honours, he is an actuary and Rhodes Scholar.
He has been a CEO, Director, or Chairman of more than 30 companies over the past 40 years and has written a number of books on corporate finance and on building human and social capital.
Ian is currently Chairman of RGA Australia and a director of Milton Corporation, the Purves Environmental Fund and the Wentworth Group of Concerned Scientists.
Jules GribblePrincipal FIAA, CERA, GAICD, Ph.D
Jules has over 30 years professional and consulting experience. He was a Senior Policy Advisor at the IAIS for over 5 years, and prior to that was a Partner at Ernst & Young, and a director of Askit Consulting.
At the IAIS Jules managed several activities including updating the IAIS Core Curriculum, actuarial aspects of financial inclusion, supervisory capacity building, and the IAIS relationship with the actuarial profession. Prior to the IAIS he consulted, in Australia and overseas, on a wide range of topics. These included all aspects of unit pricing from governance to remediation, operational risk, model building, and policy development and governance in life insurance and superannuation. Jules also has an ongoing interest in the provision of lifelong retirement incomes
Jules has also been involved with capacity building since 2000. He has developed actuarial syllabuses for the Institute of Actuaries and led the Actuarial Control Cycle and Actuarial Practice honours level subjects at the University of Melbourne for over 10 years. He has designed, developing and delivered international supervisory training in over 25 programs.
Jules was elected to the Council of the Institute of Actuaries of Australia in 2019, is part of the ICA 2022 organising committee, and is an Institute representative to the International Actuarial Association.
Philip MaguirePrincipal ANZIIF (Snr Assoc) CIP
Philip Maguire has extensive experience in the general insurance industry, including as managing director of the Commonwealth-supported HIH Claims Support Limited. He also has over 20 years experience in industry association activities, including as deputy chief executive of the Insurance Council of Australia. His expertise includes issues management, strategy development, government and stakeholder relations, communications and media strategies, policy research and development, international trade and regulation, and crisis management. Philip has experience on a number of boards including as a director (both executive and non-executive) of insurance organisations.
David LewisPrincipal FIAA
David is an actuary specialising in superannuation and employee benefits. In his career he has been involved in the establishment and management of two superannuation related businesses and has acted in many roles. In addition to his role as a consultant advising corporates and trustees, he has acted as a non-executive director of public offer superannuation funds and as a compliance officer and compliance committee member for various financial services businesses.
Talk to David about superannuation and related matters and, at the moment, the relative success of Tottenham Hotspur in the English Premier League.
Peter MayPrincipal BSc FIAA
Peter May is an actuary who specialises in providing practical consulting advice to superannuation trustee boards and corporate clients on defined benefit funding, insurance arrangements, and investment. He also provides other actuarial services including valuations for portable long service leave schemes and projected fund cash flows.
Jayesh BhanaPrincipal BSC (Honours) FIAA FASSA
Jayesh Bhana is a senior actuary who has held specialist technical actuarial roles in both Australia and South Africa. He is an experienced consultant in the areas of financial modelling, reserving, capital, risk management, pricing and product development within the life insurance industry. He also specialises in providing technical actuarial advice and services for the implementation of the new Insurance Accounting regime (IFRS17). He has worked extensively with Prophet and related actuarial software packages and has sound working knowledge of coding in SQL and VBA.
Speak to Jayesh about modelling, valuations, implementation of actuarial processes, cricket, soccer and ultra-marathon running.
Brian and has over 35 years’ experience working in global general insurance and reinsurance markets with extensive experience in general reinsurance broking including detailed knowledge of catastrophe and financial modelling. He has worked for major Global reinsurance brokers including Willis Towers Watson and Aon Re. During his broking career, he was a highly technical and analytical reinsurance professional with an understanding of all facets of general reinsurance, along with an excellent global network. He has a Batchelor of Science in Mathematics from UTS.
Speak to Brian about anything to do with general insurance and reinsurance along with having a bad golf swing.
Jessie YuConsultant, Actuary BA (Actuarial Studies) AIAA
Jessie joined PFS as an actuarial analyst in early-2016 after graduating from UNSW with a Distinction in Actuarial Studies. She then qualified as an Associate of the Institute of Actuaries of Australia (AIAA) in 2019, and became a Consultant and Actuary at PFS.
She has gained experience in all aspects of actuarial data analytics, valuations for employee benefits and defined benefit superannuation funds, financial modelling and NSW Emergency Service Levy rate reviews.
Speak to Jessie about data analytics, modelling, and her favourite TV shows.
Miing Pin LowActuary BACT AIAA
Miing Pin joined PFS as an actuarial analyst in early-2019 after graduating from the Australian National University. He then qualified as an Associate of the Institute of Actuaries of Australia in mid-2020 and is currently working towards the Fellowship qualification.
He has gained experience in all aspects of actuarial projections and valuations for various general insurance classes, defined benefit superannuation funds, employer accounting for employee benefits and general financial modelling.
Speak to Miing Pin about financial modelling, unlocking insights from data, and football (not soccer).
Get in touch to discuss how we can help.