Member Profile

Les Richmond's role in Build America Mutual’s credit underwriting group is to evaluate the pension and other postemployment benefit plans and liabilities of the more than 2,000 cities, counties, school districts, and other municipal entities BAM guarantees. Prior to joining BAM, he was with Hay Group, where he was a Senior Principal. His experience includes project leadership of a four-year engagement to conduct an actuarial audit of the five New York City Retirement Systems. He also conducted special pension studies for the New York City Office of the Comptroller. Prior to that, he was a Senior Vice President of Aon Consulting, which he joined in 1986, with responsibility for providing actuarial consulting on pensions, executive benefits, and postretirement health and life insurance benefits. In addition to his work at BAM, Les currently serves as a member of the Advisory Committee of the National League of Cities’ Public Sector Retirement Initiative. The goals of this new initiative are to develop research on trends, challenges and solutions to local government retirement and healthcare, and to engage and educate city leaders on strategies to achieving greater fiscal sustainability in these areas. He is an Associate of the Society of Actuaries and an Enrolled Actuary. He is also a member of the American Academy of Actuaries, Fellow of the Conference of Consulting Actuaries and a member of the American Society of Pension Professionals and Actuaries. He holds a B.A. in Mathematics from Rutgers College. Les is a member of the National Federation of Municipal Analysts and the Municipal Analysts Group of New York.