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STM Group names head of pensions

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STM Group names head of pensions

STM GroupPlc appointed David Easton to a newly created role of head ofpensions, as part of its expansion strategy.

The company noted that it plans to enter the U.K.self-invested personal pension market as part of the expansion of its qualifiedrecognized overseas pension scheme offering, which also includes theexploration of opportunities in Australia. Easton was most recently managingdirector of the group's Gibraltar pensions business.

STM Group also said it continues to seek an additionalnonexecutive director in the wake of the board of Jonathan Shearman.Malcolm Berryman joined the board in May.

The company added that it expects to report first-halfpretax profit of about £1.2 million, compared to £1.4 million in the first halfof 2015, with turnover projected to fall to £7.9 million from £8.3 million. STMGroup will report first-half figures Sept. 13.