March 08, 2016
Conning Launches Investment Solutions Business
Expands Team With Hire of Two LDI Professionals from J.P. Morgan
HARTFORD, CT – March 8, 2016 – Conning, a leading global investment manager, today announced the launch of 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, specialized insurance and pension and liability-driven investment (LDI) teams and utilize 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 J.P. 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, a Managing Director and Head of Investment Solutions at Conning, whose appointment was previously announced.
“Insurance companies and pension plans are increasingly seeking customized investment solutions that focus on their specific goals and objectives,” said 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,” said 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 U.S., Asia and Europe.” The Investment Solutions team will leverage more than three decades of experience managing customized asset-liability focused investment mandates and its award-winning, proprietary risk modeling software.
This announcement follows Conning’s January 2016 acquisition of Octagon Credit Investors, LLC, a leading U.S.–based manager of specialized credit asset classes with expertise in collateralized 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.
Conning (www.conning.com) is a premier global investment management firm with approximately $89 billion in assets under management as of December 31, 2015.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award-winning risk modeling software, and industry research. Founded in 1912, Conning operates globally through its offices in Hartford, New York, London, Cologne, Hong Kong and Tokyo.
*Asset total includes Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited, Goodwin Capital Advisers, Inc., and Conning Investment Products, Inc. which 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.