Mike Faulkner No. 1, FN100

• Mike also placed in overall top ten in The Financial News Top 100 “Most Influential” in Europe’s capital markets
• Credited with “epitomising” one of biggest industry shifts  – investment consultants converting to asset managers
• Investment performance highlighted with yearly returns of 9.5 per cent since 2003 – two per cent above equities and gilts benchmark

As P-Solve celebrates ten years of investment consultancy and seven-and-a-half years of asset management, company founder Mike Faulkner has been ranked as Europe’s “most influential” asset management professional in the authoritative annual survey by industry magazine and website, Financial News.

Mike was also included in the top ten most influential people in Europe’s financial markets from the overall 100 selected across ten categories. He shares the list with others including the Governor of the Bank of England, Mervyn King, the chief executive of Deutsche Bank and the president of the European Central Bank.

The recognition comes at a time when the company is building on its innovation as the UK’s first fiduciary manager in the pensions industry. To date, it has more than 50 clients who delegate investment responsibility for their assets to our investment team – nearly £6bn.

P-Solve became the first investment consultant to offer the fiduciary management service in the UK industry in 2003. This ground-breaking approach is emphasised in the FN Top 100 survey, identifying P-Solve as a key influence in this shift.

Mike said: “Moving to fiduciary management was a logical next step that clients were asking for and no-one was taking. In fact, it was frowned upon: traditionally, consultants just did not do this.

“We were being asked to be more closely involved in the scoping, strategy and execution for investment decisions and we could see that it offered benefits for everyone.

“Our performance figures speak for themselves. For our clients, this model means they are freed to focus on the longer-term, strategic management of the fund for the benefit of their members.”

Mike added that P-Solve had been successful in signing up a growing number of its clients to fiduciary management because the company was happy to be judged - and rewarded - on performance.

Since 2003, his investment team has beaten equities and gilts by more than two percentage points a year - an annual return of 9.5% - and met client objectives. It has also delivered these returns while reducing volatility by almost half that of equities.

For subscribers, find more details on FN Top 100 Most Influential at: www.efinancialnews.com/fn100/2011.

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Editors’ notes:

For more details or to request an interview with Mike, call head of media relations, Patrick Horwood on +44 (0) 207 004 0031 or email: patrick.horwood@psolve.com.

P-Solve was founded in 2001 and is celebrating ten years in business. With more than 130 clients, it has nearly £22bn under advice and almost £6bn under management.

It offers pension fund trustees and corporate clients fiduciary management and consulting expertise for defined benefit and defined contribution plans. See www.psolve.com for further details.