A Sipps firm has announced it is moving to a model with two managing directors.

Xafinity, a UK pension consultancy, has appointed Paul Cuff as joint managing director, alongside existing managing director, Ben Bramhall.

Mr Cuff, who is a qualified actuary with almost 20 years’ experience in the pensions industry, joins from KPMG, where he was a partner in the pensions practice for 8 years and latterly head of the London pensions team.

He will be responsible for the marketing and sales operations whilst Ben will be responsible for the day to day running of the business.

The duo have a strong history of working together, going back almost 20 years.

In the late 1990s, they both completed the graduate training program at Punter Southall & Co, working closely together on clients engagements.

In 2004, they were part of a small team that was recruited by KPMG to grow the London pensions business working closely for many years. During this period, KPMG’s London office grew from a small start to become the largest corporate pensions advisory team in the UK.

Robert Birmingham, chairman of Xafinity said: “The hiring of Paul is a real coup, and to be able to recruit a candidate of his calibre speaks volumes about the very bright future of the firm. Paul has extensive experience in the industry advising trustees and corporate sponsors on a wide range of pension matters. With his wealth of experience and expertise, Paul will be an asset to the firm.”

Mr Cuff said: “I am thrilled to join Xafinity, a firm with such a strong client base and fantastic people. The market for ongoing services demands ever more quality, efficiency and smarter solutions – Xafinity is extremely well placed to deliver on this for its clients and there are very exciting times ahead.”