Build America Mutual Assurance Company announced Wednesday that it has hired Les Richmond as vice president and actuary.

“We are looking forward to working with Les, who brings over 30 years of experience in designing and assessing the funding of employee benefit programs,” said Seán McCarthy, managing director and chief executive officer of BAM. “He will play an important role in our credit underwriting process given the importance of understanding the potential impacts of unfunded pension liabilities and other post-employment benefits on transaction performance.”

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