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Ghalid Bagus, FSA, FIA, MAAA, CFA

Principal, Consulting Actuary
Chicago, IL, US

Tel: +1 312 7260677

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Professional Designations

  • Fellow, Society of Actuaries
  • Fellow, Institute of Actuaries
  • Member, American Academy of Actuaries
  • CFA Charter holder


  • BBusSc, University of Cape Town (South Africa)

Current Responsibility

Ghalid is a principal and financial risk management consultant with Milliman's Financial Risk Management practice in Chicago. He joined the firm in 2004.


Since joining Milliman, Ghalid has been responsible for a number of projects for both U.S. and international insurance companies. He specializes in financial risk management of investment guarantees.

Ghalid is currently responsible for the international expansion of Milliman's fund advisory work. In this capacity, he is working with investment product providers to expand Milliman's institutional risk management expertise to individual investors. The aim is to provide individual investors with investment protection strategies that have been customized to their personal portfolios.

Ghalid also manages a number of hedge programs that have been outsourced to Milliman. In this role, he manages the client relationships as well as a team responsible for risk and performance reporting of hedge programs.

Prior to joining Milliman, Ghalid spent five years with Old Mutual in South Africa, the United Kingdom, and the United States, where he gained experience in dynamic hedging of equity-indexed annuities, corporate strategy, and AIDS modeling and pricing.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman