November 23, 2015
Conning Appoints Owais Rana as Managing Director, Head of Pensions & Liability-Driven Investment (LDI) Solutions
HARTFORD, CT – November 23, 2015 – Conning, a leading global investment solutions provider, today announced the appointment of Owais Rana as Managing Director, Head of Pensions & Liability-Driven Investment (LDI) Solutions. Rana will be responsible for overseeing Conning’s LDI solutions business, working with pension plans and other institutional investors.
“Establishing an LDI solutions business will expand Conning’s offerings and distribution channels, and build on many of the investment and risk management capabilities that we provide to the insurance industry today,” said Woody Bradford, Chairman and Chief Executive Officer of Conning. “I am delighted to welcome Owais to Conning to lead this important strategic initiative.”
Rana joins Conning from J.P. Morgan Asset Management, where he served as the global head of their LDI solutions group. He developed and grew the business working directly with pension plan sponsors and their advisors. He has 17 years of experience successfully providing investment solutions to pension investors, which includes working in J.P. Morgan’s investment banking division and at Hewitt Associates as an investment consultant. Rana holds a degree in Actuarial Science from the London School of Economics and Political Science.
“Conning has extensive experience in structuring and managing customized investment solutions for the insurance industry, supported by an expertise in risk modeling. The firm also has a strong track record in managing corporate credit. These capabilities will enable Conning to offer a differentiated LDI solution to the pension marketplace,” said Rana. “Additionally, for pension plans considering pension risk transfer, Conning’s insurance asset management experience will be invaluable for plan sponsors and their advisors.”
The announcement follows Conning’s recent news that it plans to acquire Octagon Credit Investors, and is yet another step toward positioning the firm as a global multi-channel and multi-asset class investment solutions provider, using the expertise developed over 30 years serving the insurance industry.
Conning (www.conning.com) is a leading investment management company for the global insurance industry, with $93 billion in assets under management as of September 30, 2015, through Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited, Goodwin Capital Advisers, Inc., and Conning Investment Products, Inc. that are all direct or indirect subsidiaries of Conning Holdings Limited (collectively “Conning”) which is one of the family of companies owned by Cathay Financial Holding Co., Ltd. a Taiwan-based company. The company's unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning provides clients with innovative solutions, leveraging its global capabilities, investment experience, proprietary research and risk management technology. Headquartered in Hartford, Connecticut, Conning also delivers its services globally through its offices in New York, London, Cologne, Hong Kong and Tokyo.