Conning has launched an Investment Solutions business focused on developing tailored outcome-oriented investment solutions for insurance companies and pension plans globally.
The new business will employ Conning’s experienced, specialised insurance and pension and liability-driven investment (LDI) teams and utilise its growing global investment platform and client-centric approach.
In launching the Investment Solutions business, Conning also announced the addition of two experienced professionals who were formerly employed by JP Morgan’s LDI Solutions business. Sean Kurian has been appointed as the Head of Structuring & Derivatives Portfolio Management, and Hamdan Malik as an LDI Strategist. Both will report to Owais Rana (pictured), a Managing Director and Head of Investment Solutions at Conning, whose appointment was previously announced.
“Insurance companies and pension plans are increasingly seeking customised investment solutions that focus on their specific goals and objectives,” says Rana. “Whether to strengthen the financial outcome from an investment perspective or to enhance risk management, Conning is well-equipped to deliver investment solutions that cater to clients’ needs.”
“A key area of focus is to expand our investment capabilities and expertise so we can continue to serve evolving client needs around the globe,” says Woody Bradford, Chairman and Chief Executive Officer of Conning. “We are very pleased with our progress, and believe that our clients will benefit from our Investment Solutions expertise in the US, Asia and Europe.” The Investment Solutions team will leverage more than three decades of experience managing customised asset-liability focused investment mandates and its award-winning, proprietary risk modelling software.
This announcement follows Conning’s January 2016 acquisition of Octagon Credit Investors, a leading US–based manager of specialised credit asset classes with expertise in collateralised loan obligations (CLOs), bank loans and high yield bonds, and the November 2015 establishment of a focused Pensions & LDI business. Conning has been steadily growing its suite of offerings and distribution channels, building on the investment and risk management capabilities the company has historically provided to the insurance industry.