PraxisIFM makes two senior appointments as business continues its evolution

PraxisIFM Group, the global financial services business, is has announced the appointment of Alexandra McInnes as the new Group Chief Operating and Risk Officer (CORO) and James Barber-Lomax TEP as the Head of Pensions. This is part of the company’s strategy to continue to focus on its plan to deliver a simpler, stronger, and more efficient business and bolster its pensions services as PraxisIFM enters its 50th anniversary year.

Alexandra McInnes

Alexandra, PraxisIFM’s new CORO, was born and raised in Guernsey and returned to the island in 2019, having spent 16 years working in senior roles within the Advisory businesses of two of the Big Four accountancy firms in Bermuda, London, and New York. Alexandra was most recently a director with PwC’s Advisory business in Guernsey, where she led a number of governance, risk, and compliance transformation projects for financial services clients.

Alexandra is an energetic leader who is experienced in leading teams and driving change. Alexandra specialises in governance, risk, compliance and in operational transformation: she has supported large financial services, clients, at key points in their strategic growth including through acquisitions, in responding to regulatory findings, in large scale remediations and in the implementation of target operating models.

Robert Fearis, Chief Executive Officer of PraxisIFM, said: “Appointing Alexandra as PraxisIFM’s new Group Chief Operating and Risk Officer felt like a perfect fit for the company; Alexandra’s specialism in supporting clients through change comes at the right time for PraxisIFM as we accelerate the transformation of the business.

“Our intent is to further simplify the way that we work and leverage the skills and experience we have across the Group to increase the breadth of services offered to our existing clients, whilst attracting new clients looking for an integrated solution. We look forward to working with Alexandra to achieve this transformation, driven by our long-term strategy.”

James Barber-Lomax TEP

James becomes Head of Pensions having been at PraxisIFM for eight years. In his tenure, he has been integral to the growth and business development of the company’s pensions services.

His new role will focus on developing and driving strategies to further enhance PraxisIFM’s pensions arm and in particular, its two subsidiaries, Trireme Pension Services (Trireme) and Cavendish Corporate Investments PCC Limited (Cavendish). Cavendish provides a bespoke range of annuity contracts available to non-UK pension scheme holders and contract-based retirement solutions from Guernsey in Guernsey and Malta provides cross-jurisdictional personal and multi-member occupational pension solutions. James will lead the teams as the Group integrates its pension services into its Private Wealth and Corporate Services division.

Upon his appointment in 2014, James was seconded to a business development role within the Group’s pension subsidiary, Trireme Pensions Services, in the UAE. In 2016 he assisted with the establishment of PraxisIFM Trust Limited in the Abu Dhabi Global Markets, the first regulated trust company in the financial centre. He returned to London in 2018 and was appointed to the PraxisIFM Trustees (UK) Limited and PraxisIFM Corporate Services (UK) Limited boards.

Robert Fearis, Chief Executive Officer of PraxisIFM, said: “We are delighted to promote James to Head of Pensions. We have made a significant investment into the business and James has played an essential role in the growth of our pension subsidiary, Trireme, in the UAE.

“Combined with his experience and unrivalled passion and knowledge of the sector, we are excited to see how PraxisIFM’s pensions arm evolves in line with James’s vision for growth. PraxisIFM has moved into the next phase of our history, entering our 50th anniversary this year. We look forward to working with James, as we continue to deliver the outstanding service that our clients have come to expect.”