Executive Remuneration
Meet our Executive Remuneration Team

Thach Huynh
Prinicpal

Thach Huynh
Prinicpal
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.
- Phone:(02) 9225 6100
- Email:thachhuynh@pfsconsulting.com.au

Adrian McGarva
Managing Director

Adrian McGarva
Managing Director
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.
- Phone:(02) 9225 6100
- Email:adrianmcgarva@pfsconsulting.com.au

Stephen Crump
Senior Consultant

Stephen Crump
Senior Consultant
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!)
- Phone:(02) 9225 6100
- Email:stephencrump@pfsconsulting.com.au

Don Johnstone
Principal

Don Johnstone
Principal
Don is an actuary and risk management professional with 30 years of experience in financial services in Australia, the USA, and UK. He has worked at a general insurer, a life insurer, a reinsurance broker and several actuarial consulting firms.
He has a track record of identifying and quantifying risks and improving risk and capital management in the insurance, reinsurance, banking, government and broker sectors.
Speak to Don about actuarial, risk and insurance matters, marathon paddling and ocean swimming.
- Phone:(02) 9225 6100
- Email:donjohnstone@pfsconsulting.com.au

Sean Willamson
Principal

Sean Willamson
Principal
Sean has over 25 years’ experience in the financial services industry, working extensively within the life insurance sector. His career has encompassed a number of senior executive roles, including being CEO of a listed financial services company, and he has deep leadership and management experience covering the strategic, operational and technical areas of the broader life insurance industry. He has a strong track record in transforming businesses and delivering significant step changes in growth.
He enjoys business partnerships and is able to assist participants in the life insurance industry to navigate the ever-increasing complexity and demands of the market by clearly diagnosing the challenges and opportunities and synthesising these into clear strategies and solutions.
Speak to Sean about anything to do with optimising the delivery of life insurance throughout the whole value chain, travel and anything sport related.
- Phone:(02) 9225 6100
- Email:sean.williamson@pfsconsulting.com.au

John Newman
Chairman

John Newman
Chairman
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.
- Phone:(02) 9225 6100
- Email:johnnewman@pfsconsulting.com.au
Understanding Long Term Incentive Structures
PFS assists the the valuations and testing of the long term incentive plans for some of Australia's largest companies.
- Case Study 1
- Case Study 2
- Case Study 3
- Case Study 4
Valuation of Long term incentives for an ASX10 client
PFS undertakes the valuation of a complex range of Long Term Incentive (LTI) benefits granted by the Company to its executives. In addition, PFS provides final and interim monitoring reports to the Remuneration Committee. These reports keep the company up-to-date on the progress of market-based performance hurdles and give shareholders peace of mind that the assessments are calculated independently and using industry accepted methodologies under AASB2.
Valuation of executive long term incentives (LTI’s)
PFS undertakes the valuation of a very complex range of Long Term Incentive (LTI) benefits granted by the Company to its executives, based on a range on Australian and overseas benchmarks and vesting requirements. PFS also provides final and interim monitoring reports to the Remuneration Committee which keep the company up-to-date on the progress of market-based performance hurdles and give shareholders assurance that the assessments are calculated independently and using industry accepted methodologies.
Valuation of Long term incentives (LTIs)
PFS undertakes the valuation of Long Term Incentive (LTI) benefits granted by the Company to its executives and provides final and interim monitoring reports to the Remuneration Committee. These reports keep the company up-to-date on the progress of market-based performance hurdles and give shareholders comfort that the assessments are calculated independently and using industry accepted methodologies under AASB2.
Valuation of executive long term incentives and strategic input
PFS provider regular input into the performance assessment of the executive LTI plan as well as strategic input on its design along with a range of strategic advice on insurance options.
Contact us for more detailed information about our capabilities
Core Strengths
We utilise our actuarial expertise, independence, and strength in data validation as well as LTI design to undertake a range of services in relation to Executive Remuneration.
- Complex LTI valuation
- Data governance for valuations
- Options valuation
- Accounting valuation requirements
- Performance evaluation
- Understanding of benefit design
- LTI adjustments
- Vesting and performance tracking
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