Of the 79 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:Christian Taube, who joined Beazley as its new Head of Cyber Services – International. Taube was previously Chief Information Security Officer at Contentserv and, prior to that, he built the information security practice at DataGuard. He will be taking up his new role from Beazley’s Munich office, where he will be responsible for further developing and enhancing the company’s cyber risk management and incident response functions.Charlotte Jones, who has joined Aviva as Chief Financial Officer and Executive Director. Jones was previously CFO of RSA Insurance plc, Interim Chief Executive Officer of the RSA UK & International business. Prior to her time in insurance, she held a variety of roles, such as Head of Group Finance at Credit Suisse Group, Deputy Group CFO at Deutsche Bank Group, and CFO of Jupiter Fund Management, where she was the member of the board and executive committee with responsibility for finance and corporate strategy.Jessica Saperstein, who has joined financial advisor and insurance firm Voya Financial as Chief Customer Experience Office. Saperstein has over 20 years of industry experience in marketing, digital transformation and global business and corporate strategy. At Voya, she will be responsible for creating and executing Voya’s long-term customer experience (CX) plan.Hannah Ross, who has been appointed to Bermuda International Long Term Insurers and Reinsurers (BILTIR)’s board of directors. Ross is currently Chief Strategy and Capital Officer at multi-line insurance and financial services company The Argus Group, where she leads a team covering group actuarial and risk, capital and finance, and strategic performance delivery. She has been at Argus since 2010, before which she held actuarial roles at Synesis Life, KPMG, and Pension Insurance Corporation.Caroline Richardson, who has been appointed to lead the new cyber practice at Bishopsgate. Richardson was previously at Miller Insurance Services, where she worked on both retail and wholesale cyber placements and solutions for global corporate organisations and facilities and grew its international and UK business. Prior to that she was Associate Director of Aon advising large professional services clients on cyber and professional indemnity programmes, and before that she was a professional indemnity underwriter with Barbican Syndicate.Paula Ferreira, who has been appointed Aon’s Chief Executive Officer (CEO) of Latin America in Reinsurance Solutions. Ferreira has worked at Aon for 13 years, most recently as the firm’s Reinsurance Solutions Growth Leader and President for Latin America. She brings 26 years’ experience in reinsurance to her new role.Claudia Cordioli, who has been appointed Swiss Re’s new Group Finance Director. Cordioli has worked at Swiss Re since 2003 and held a variety of roles, most recently CFO of Reinsurance.  Vanida Pillay has been appointed the new Chief Executive of the South Africa branch of MNK Re Group. Pillay will lead MNK Re’s South Africa branch with a focus on expanding the company’s Construction, Power, Single Project PI insurance (SPPI), Cyber and Decennial liability.Olivia Brindle, who has joined specialty insurer and reinsurer Fidelis as its new Head of Sustainability. Brindle joins Fidelis from Swiss Re, where she was an Investor Relations Senior Manager. Her appointment reflects Fidelis’ stated focus on ESG within the firm’s underwriting portfolio, operations, and investments.Emmy Pan, who has joined AXA XL as energy underwriter to its Americas Property insurance team, based in Houston. Pan joins AXA XL from Zurich North America where she managed a high volume of energy property insurance business.Anna Bennett, who has been appointed director of underwriting for casualty for the UK at QBE. Bennett joined QBE in 2018, where she previously held the roles of interim director of underwriting for casualty, and European operations divisional lead for multinational and portfolio manager in the UK casualty major risks team.Morris Taylor, who has been appointed Chief Information Officer for Markel’s insurance operations. Taylor’s role will include responsibility for leading Markel’s global IT function while continuing to build on critical partnerships across Markel’s insurance operations.Matthew Moore, who has been appointed President of Underwriting at Liberty Mutual.Susanne Figueredo Cook, who has been appointed as Chief Operating Officer at Liberty Mutual.Phil Hobbs was appointed as President of Liberty Specialty Markets at Liberty Mutual.Global senior insurance hires, Apr 2022The following chart shows the overall trend in senior global insurance hires since January 2021. It shows that monthly appointments have been holding steady within a range of 75 – 95 since September last year. The peaks and dips seen in previous months have balanced out over a longer timescale.  image.png 72.26 KBGlobal senior insurance hires by sub sector, April 2021 – April 2022Looking deeper at senior hiring trends by sub-sector, we can see that the number of appointments in the Non-life sector remained steady after a drop in March from its annual peak in February. Reinsurance and Brokers/Intermediaries continued to remain steady, while Life/Health dropped to zero from seven the month before:image.png 63.42 KBGender balance of senior global insurance hires, April 2022Of the new senior appointments we tracked last month, the average global gender split was 31% women and 69% men. Looking at the regions shows that, while the Americas saw the lowest proportion of female senior appointments at 25%, EMEA saw the highest at 38.1% (the highest proportion of female appointments in the region so far this year), while AsiaPAC sits in the middle, at 30%:image.png 49.95 KBTop 10 companies with the most new appointments in April 2022Here are the global insurance businesses who made the most senior appointments in April, with Willis Towers Watson clearly leading the pack:image.png 28.48 KBIf you would like to know more information about Sheffield Haworth's Insurance Practice, get in touch with Ben Johnson (b.johnson@sheffieldhaworth.com)https://www.sheffieldhaworth.com/financial-services/insurance/

How is Global current affairs affecting hiring activity?Global markets are still recovering from the aftermath of the Covid pandemic, but there are now rising concerns of the Ukraine and Russia conflict, which is causing ripple effects across world economies.Inflation fears, and energy price hikes are just a few repercussions of this new and potentially global conflict, but what about hiring activity?    TALNT tracks 100’s of moves a week across the international financial services, real assets, technology and energy industries. As we examine the overall trends of moves since 2021, it is no surprise that there may be a direct correlation of global crisis affecting the hiring market. image.png 78.47 KBJanuary of this year saw a strong 46% increase of moves from the previous month, a 10% increase change from January 2021, indicating considerable growth in hiring activity. However, February 2022 witnessed a significant decrease of 41% change in people moves activity, a much larger decline than the 28% decrease during the 2020 pandemic in comparison.Although the decline continues into this month, the software industry seems to be the first to show recovery in hiring, however with the uncertainty around the conflict, we may only be seeing the tip of the iceberg.Select TALNT Insights in your preferences to follow people moves trends and insights as they unfold in the coming months. 

Sheffield Haworth US Global Markets team have tracked over 142 senior leadership moves in 2021 year to date.  Overall Hiring and Promotion trends YTD:The following chart shows the overall trend in leadership moves since the beginning of 2021, where we see movement trending upwards with a spike in September. In 2021 YTD, 61% of senior leadership movement were attributed to hires and 27% promotions. image.png 22.95 KB Hiring and promotion trends by Major Asset Classifications:The following chart compares the hiring and promotion trends between the major classification in Global Markets: FIC (Fixed Income & Currencies), Equities (Equity, Equity Derivatives, & Prime) & Others (which covers cross assets and CIB). We see FIC starting off the year with the most activities with a slight slump in February and March before picking up again for the summer and into its peak in September. Equities on the other hand peaked in May and have had steady movements for the rest of the year.  image.png 72.41 KB Gender balance amongst senior leadership in US Global Market, YTD:Regarding gender balance amongst the movements of senior leadership which we have tracked YTD, the gender split was 16% female and 84% male.image.png 14.09 KBFemale leadership movements is split by 59% new hires; 36% are promotion; and 5% departure.image.png 15.66 KBIndustry shifts in US Global Markets Senior Leadership hiring trend:We have also observed a movement trend in the industries, as there has been significant hiring activity of talent from the sell-side to buy-side firms and most of the movements have been across trading. We understand that two of the main selling points for buy-side firms is the flexibility in remote working that they offer and compensation structure. Notable moves to buy side this year include: John Cortese, former Co-Head of Credit Trading at Barclays to Apollo to be Head of Global Credit TradingShawn Faurot, former Head of US Credit Trading at Deutsche Bank to Sycamore PartnersMatt Zhang, former Co-Head of Structured-Products Trading and Solutions division at Citi, has started his own cryptocurrency firm, HivemindDavid Kim, former Head of US Equity Derivatives Trading at BoA to CitadelMoran Forman, former Equity Index Derivatives trader at Goldman Sachs to Rokos CapitalStacy Selig, former Co-Head of Global Sales Strats and Americas Structured Sales at Goldman Sachs to Millennium.Christopher Perkins, former Managing Director, Global Co-Head of Futures, Clearing & FX Prime Brokerage Business at Citi to CoinFundMichael Caperonis, former Co-Global Head of Equities & Head of Credit Trading Americas at Nomura to Apollo ManagementMark Chen, former Head of Equity Flow Sales at Citi has joined MillenniumBankole Omodunbi, former Goldman Sachs, Global Head of Electronic Principal Trading Products has left to start his own financial technology company.Brett Fischer, former Head of Americas Electronic Equity Sales at JP Morgan has joined Tourmaline Partners.Top 10 companies with the most departures YTD:image.png 43.82 KB CS and the Impact of Archegos:  Leadership changes: at CS Brian Chin, former Head of the Investment Bank was replaced by Christian Meissner, previously Global Head of CIB at Bank of America, who joined Credit Suisse in 2020. Departures in Equity Sales, Trading & Prime Brokerage – there were several departures from CS: Paul Galietto, Head of Equities Sales & Trading & Prime Brokerage Co-Heads John Dabbs and Ryan Nelson stepped downa team of 4 credit traders left for HSBC; Bill Bors a sales trader joined Barclays; Jason Vickery, Head of Program Trading joined Mizuho. Global Head of Prime Brokerage at Morgan Stanley, Ed Keller stepped down and was replaced by Penny Novick & Kim Shaw. Oliver Taylor, Global Equity Exotics Trading, EMEA Corporate and Convert Trading from JP Morgan, has joined Citi as Head of Americas Cash and Equity Derivatives Trading. Written by: Kimee Lee. For more information contact Kimee Lee, k.lee@sheffieldhaworth.com or Beatrice Collison, b.collison@sheffieldhaworth.com 

All our insurance sector hiring data covers senior level appointments, moves and promotions, sourced from TALNT, Sheffield Haworth’s proprietary AI-driven platform for tracking executive moves, which gathers and analyses data from 300+ reputable public sources around the globe.Of the 50 senior global insurance hires tracked this month, the ones that received the most interest from our subscribers on TALNT were:Adam Mullen, who has joined independent reinsurance broker BMS Re as executive director to oversee the launch of the company’s new Bermuda operations. Prior to this position, Muller worked as a reinsurance consultant at Attestor Capital, where he oversaw non-executive consulting assignments for acquisitions, business planning and strategy.Carl Hess, who has been appointed the new president and the next CEO of US-based broking giant Willis Towers Watson. Hess was the head of investment, risk and reinsurance business at WTW. He has immediately assumed the role of president and will replace outgoing CEO John Haley in January 2022.Kirsten Beasley, who has been appointed head of Willis Towers Watson’s Bermuda office, where she will focus on Bermuda placements in casualty, property, financial lines, and healthcare lines. Beasley has been head of healthcare broking in North America for WTW since 2018, having joined the company as a Senior Vice President in 2016.Wendy L Harrington has joined the board of directors at the US-based InsurTech broking platform Accelerant. Harrington is the Chief Data and AI Office at TIAA, where she Nuveen Labs, whose mission is to develop data, analytics, and AI to fuel superior investment capabilities. Prior to joining Nuveen, Harrington had an impressive track record in fintech. In addition, here are some senior appointments that caught my eye in August:In August, Swiss Re announced the appointment of Jason Richards as president and CEO of the Reinsurance Business Unit in the UK and Ireland, effective 1 January 2022. Richards will be responsible for “driving profitable growth of the UK & Ireland reinsurance portfolio and continuing to strengthen Swiss Re’s influence and position in the London market”.Oneglobal Broking has launched a new office in the Netherlands, and appointed Alex van der Wyck as CEO. Prior to this, van der Wyck was CEO of Aon Indonesia and Head of M&A Solutions for APAC, where he spent over 12 years, having built his career at Marsh in the Netherlands and the Middle East.Insurance group Hiscox has recruited Helen Rose to serve as chief financial officer of Hiscox London Market and Hiscox Syndicates Limited. Rose has more than a decade of insurance industry experience, including time spent at Aspen Group where she was insurance CFO, UK finance chief, and most recently, chief accounting officer. She will join Hiscox in February of next year.Zurich Middle East Life has named long-time Zurich executive Reena Vivek as its Interim CEO. Vivek has worked at Zurich insurance group entities since 2012, prior to which Vivek worked at Metlife, American Life Insurance Company and also Citibank. The company has said her appointmet will help effect a smooth transition from outgoing Zurich ME CEO Walter Jopp.iA Financial Group has announced the appointment of Pierre Miron to the new position of Executive Vice-President and Chief Transformation Officer. According to iA’s President and CEO, “The challenges we face and will continue to face are as numerous as they are varied. They also all represent opportunities to be seized, and that is exactly what we intend to do.”Global senior insurance hires, Jan 2020 – August 2021The following chart shows the overall trend in senior global insurance hires since the beginning of 2020:image.png 116.56 KBGlobal senior insurance hires by sub sector, Jan – August 2021The following chart compares senior hiring trends between the Non-life, Life/Pensions/Health, Reinsurance, and Brokers/Intermediaries sub sectors, where you can see they have been broadly following the same pattern:image.png 76.5 KBGender balance of senior global insurance hires, August 2021Of the new senior appointments we tracked this month, the average global gender split was 32% women and 68% men. Broken down by region, we see that almost 37% of new EMEA appointments in August were women. 35% of new appointments in the Americas were women, while all the appointments tracked by TALNT in AsiaPAC were men.image.png 53.4 KBTop 10 companies with the most new appointments in August 2021Here are the global insurance businesses who have made the most senior appointments during August:image.png 31.29 KB

Profile: Blackstone is the world's largest alternative asset manager with approximately $600 billion worth of assets under management. Born out of the 90's leveraged-buyout era, it offers private equity, hedge fund, credit and real estate solutions to clients after publicly listing in 2007. Q1 of 2020 saw the firm turnover a $1.07BN loss - its fortunes have turned with 8.1$BN from asset sales in Q1 2021. Who's joined Blackstone in the past year?Blackstone began the year with Kishore Moorjani resigning from his role of head of tactical opportunities in Asia.It added CEO of SaaS giant Snowflake, Frank Slootman as senior advisor in January.The private equity firm followed by adding Michael Hovey as senior managing director for Blackstone Insurance from Morgan Stanley, where he worked for 23 years. In February, Shary Moalemzadeh joined as head of tactical opportunities in the US. Scott Bommer joined as chief investment officer for the new platform, Blackstone Horizon, seeking to target partnerships with investment managers.Paul Morrisey will lead the Blackstone Growth Fund (BXG) in Europe that has already invested in plant-milk leader Oatly and music service Epidemic Sound.The BXG will look for acquisitions in Israel’s exuberant tech sector after the appointment of Yifrat Oron as senior managing director in the new Tel-Aviv offiIn April, Blackstone created its first ESG roles. Elizabeth Lewis, formerly of the Global Environment Fund, was named managing director of ESG.James Mandel, formerly of McKinsey, will hold the role of managing director of sustainability.Nina James will become head of ESG for Real Estate in Asia.Rita Mangalick has been promoted to global head of ESG for BAAM, having previously been a director for UBS asset management. Blackstone hired Jonny Bauer from Droga5 as head of brand transformation for its 200 companies - following from the rebranding of Thompson Reuters into Refinitiv in 2018.Finally, in May, Paget MacColl was hired to head the $82BN hedge fund unit, replacing Oliver Mayhoras as he moves to a broader business development role. What can we learn from this?Blackstone's recent success is down to its growth-focused strategy, typified by its stake in Bumble’s parent company Magic Lab and Oatly. Naturally, this involves tech and sustainable acquisitions. Bumble's mammoth IPO saw it float $13BN, with Blackstone investing in 2018 when it was valued at $3BN. With Oatly set to follow with analysts reporting a $10BN market cap, it’s no wonder Blackstone is seeking to acquire an Israeli startup. Its push for sustainability, however, is likely focused on cleaning up its existing portfolio in line with incoming ESG regulation. Still, its search for an insurance acquisition shows that it is not abandoning its value investing principles. Nor does it represent a departure from shrinking holding time for private equity, after the increase from 2008 to 2015. The Refinitiv sale within a year to LSEG is emblematic of its brand focus and quick turnover time. One might look at the hires and a $4.5BN growth fund as part of a metamorphosis into a venture capitalist. But this only represents a nominal proportion of its portfolio. Expect more tech and sustainable acquisitions - coupled with those in traditional sectors like insurance and real estate too.

Of the 79 senior global insurance moves tracked over the last month, the ones that received the most interest from our subscribers on TALNT were:Christian Taube, who joined Beazley as its new Head of Cyber Services – International. Taube was previously Chief Information Security Officer at Contentserv and, prior to that, he built the information security practice at DataGuard. He will be taking up his new role from Beazley’s Munich office, where he will be responsible for further developing and enhancing the company’s cyber risk management and incident response functions.Charlotte Jones, who has joined Aviva as Chief Financial Officer and Executive Director. Jones was previously CFO of RSA Insurance plc, Interim Chief Executive Officer of the RSA UK & International business. Prior to her time in insurance, she held a variety of roles, such as Head of Group Finance at Credit Suisse Group, Deputy Group CFO at Deutsche Bank Group, and CFO of Jupiter Fund Management, where she was the member of the board and executive committee with responsibility for finance and corporate strategy.Jessica Saperstein, who has joined financial advisor and insurance firm Voya Financial as Chief Customer Experience Office. Saperstein has over 20 years of industry experience in marketing, digital transformation and global business and corporate strategy. At Voya, she will be responsible for creating and executing Voya’s long-term customer experience (CX) plan.Hannah Ross, who has been appointed to Bermuda International Long Term Insurers and Reinsurers (BILTIR)’s board of directors. Ross is currently Chief Strategy and Capital Officer at multi-line insurance and financial services company The Argus Group, where she leads a team covering group actuarial and risk, capital and finance, and strategic performance delivery. She has been at Argus since 2010, before which she held actuarial roles at Synesis Life, KPMG, and Pension Insurance Corporation.Caroline Richardson, who has been appointed to lead the new cyber practice at Bishopsgate. Richardson was previously at Miller Insurance Services, where she worked on both retail and wholesale cyber placements and solutions for global corporate organisations and facilities and grew its international and UK business. Prior to that she was Associate Director of Aon advising large professional services clients on cyber and professional indemnity programmes, and before that she was a professional indemnity underwriter with Barbican Syndicate.Paula Ferreira, who has been appointed Aon’s Chief Executive Officer (CEO) of Latin America in Reinsurance Solutions. Ferreira has worked at Aon for 13 years, most recently as the firm’s Reinsurance Solutions Growth Leader and President for Latin America. She brings 26 years’ experience in reinsurance to her new role.Claudia Cordioli, who has been appointed Swiss Re’s new Group Finance Director. Cordioli has worked at Swiss Re since 2003 and held a variety of roles, most recently CFO of Reinsurance.  Vanida Pillay has been appointed the new Chief Executive of the South Africa branch of MNK Re Group. Pillay will lead MNK Re’s South Africa branch with a focus on expanding the company’s Construction, Power, Single Project PI insurance (SPPI), Cyber and Decennial liability.Olivia Brindle, who has joined specialty insurer and reinsurer Fidelis as its new Head of Sustainability. Brindle joins Fidelis from Swiss Re, where she was an Investor Relations Senior Manager. Her appointment reflects Fidelis’ stated focus on ESG within the firm’s underwriting portfolio, operations, and investments.Emmy Pan, who has joined AXA XL as energy underwriter to its Americas Property insurance team, based in Houston. Pan joins AXA XL from Zurich North America where she managed a high volume of energy property insurance business.Anna Bennett, who has been appointed director of underwriting for casualty for the UK at QBE. Bennett joined QBE in 2018, where she previously held the roles of interim director of underwriting for casualty, and European operations divisional lead for multinational and portfolio manager in the UK casualty major risks team.Morris Taylor, who has been appointed Chief Information Officer for Markel’s insurance operations. Taylor’s role will include responsibility for leading Markel’s global IT function while continuing to build on critical partnerships across Markel’s insurance operations.Matthew Moore, who has been appointed President of Underwriting at Liberty Mutual.Susanne Figueredo Cook, who has been appointed as Chief Operating Officer at Liberty Mutual.Phil Hobbs was appointed as President of Liberty Specialty Markets at Liberty Mutual.Global senior insurance hires, Apr 2022The following chart shows the overall trend in senior global insurance hires since January 2021. It shows that monthly appointments have been holding steady within a range of 75 – 95 since September last year. The peaks and dips seen in previous months have balanced out over a longer timescale.  image.png 72.26 KBGlobal senior insurance hires by sub sector, April 2021 – April 2022Looking deeper at senior hiring trends by sub-sector, we can see that the number of appointments in the Non-life sector remained steady after a drop in March from its annual peak in February. Reinsurance and Brokers/Intermediaries continued to remain steady, while Life/Health dropped to zero from seven the month before:image.png 63.42 KBGender balance of senior global insurance hires, April 2022Of the new senior appointments we tracked last month, the average global gender split was 31% women and 69% men. Looking at the regions shows that, while the Americas saw the lowest proportion of female senior appointments at 25%, EMEA saw the highest at 38.1% (the highest proportion of female appointments in the region so far this year), while AsiaPAC sits in the middle, at 30%:image.png 49.95 KBTop 10 companies with the most new appointments in April 2022Here are the global insurance businesses who made the most senior appointments in April, with Willis Towers Watson clearly leading the pack:image.png 28.48 KBIf you would like to know more information about Sheffield Haworth's Insurance Practice, get in touch with Ben Johnson (b.johnson@sheffieldhaworth.com)https://www.sheffieldhaworth.com/financial-services/insurance/

How is Global current affairs affecting hiring activity?Global markets are still recovering from the aftermath of the Covid pandemic, but there are now rising concerns of the Ukraine and Russia conflict, which is causing ripple effects across world economies.Inflation fears, and energy price hikes are just a few repercussions of this new and potentially global conflict, but what about hiring activity?    TALNT tracks 100’s of moves a week across the international financial services, real assets, technology and energy industries. As we examine the overall trends of moves since 2021, it is no surprise that there may be a direct correlation of global crisis affecting the hiring market. image.png 78.47 KBJanuary of this year saw a strong 46% increase of moves from the previous month, a 10% increase change from January 2021, indicating considerable growth in hiring activity. However, February 2022 witnessed a significant decrease of 41% change in people moves activity, a much larger decline than the 28% decrease during the 2020 pandemic in comparison.Although the decline continues into this month, the software industry seems to be the first to show recovery in hiring, however with the uncertainty around the conflict, we may only be seeing the tip of the iceberg.Select TALNT Insights in your preferences to follow people moves trends and insights as they unfold in the coming months. 

Sheffield Haworth US Global Markets team have tracked over 142 senior leadership moves in 2021 year to date.  Overall Hiring and Promotion trends YTD:The following chart shows the overall trend in leadership moves since the beginning of 2021, where we see movement trending upwards with a spike in September. In 2021 YTD, 61% of senior leadership movement were attributed to hires and 27% promotions. image.png 22.95 KB Hiring and promotion trends by Major Asset Classifications:The following chart compares the hiring and promotion trends between the major classification in Global Markets: FIC (Fixed Income & Currencies), Equities (Equity, Equity Derivatives, & Prime) & Others (which covers cross assets and CIB). We see FIC starting off the year with the most activities with a slight slump in February and March before picking up again for the summer and into its peak in September. Equities on the other hand peaked in May and have had steady movements for the rest of the year.  image.png 72.41 KB Gender balance amongst senior leadership in US Global Market, YTD:Regarding gender balance amongst the movements of senior leadership which we have tracked YTD, the gender split was 16% female and 84% male.image.png 14.09 KBFemale leadership movements is split by 59% new hires; 36% are promotion; and 5% departure.image.png 15.66 KBIndustry shifts in US Global Markets Senior Leadership hiring trend:We have also observed a movement trend in the industries, as there has been significant hiring activity of talent from the sell-side to buy-side firms and most of the movements have been across trading. We understand that two of the main selling points for buy-side firms is the flexibility in remote working that they offer and compensation structure. Notable moves to buy side this year include: John Cortese, former Co-Head of Credit Trading at Barclays to Apollo to be Head of Global Credit TradingShawn Faurot, former Head of US Credit Trading at Deutsche Bank to Sycamore PartnersMatt Zhang, former Co-Head of Structured-Products Trading and Solutions division at Citi, has started his own cryptocurrency firm, HivemindDavid Kim, former Head of US Equity Derivatives Trading at BoA to CitadelMoran Forman, former Equity Index Derivatives trader at Goldman Sachs to Rokos CapitalStacy Selig, former Co-Head of Global Sales Strats and Americas Structured Sales at Goldman Sachs to Millennium.Christopher Perkins, former Managing Director, Global Co-Head of Futures, Clearing & FX Prime Brokerage Business at Citi to CoinFundMichael Caperonis, former Co-Global Head of Equities & Head of Credit Trading Americas at Nomura to Apollo ManagementMark Chen, former Head of Equity Flow Sales at Citi has joined MillenniumBankole Omodunbi, former Goldman Sachs, Global Head of Electronic Principal Trading Products has left to start his own financial technology company.Brett Fischer, former Head of Americas Electronic Equity Sales at JP Morgan has joined Tourmaline Partners.Top 10 companies with the most departures YTD:image.png 43.82 KB CS and the Impact of Archegos:  Leadership changes: at CS Brian Chin, former Head of the Investment Bank was replaced by Christian Meissner, previously Global Head of CIB at Bank of America, who joined Credit Suisse in 2020. Departures in Equity Sales, Trading & Prime Brokerage – there were several departures from CS: Paul Galietto, Head of Equities Sales & Trading & Prime Brokerage Co-Heads John Dabbs and Ryan Nelson stepped downa team of 4 credit traders left for HSBC; Bill Bors a sales trader joined Barclays; Jason Vickery, Head of Program Trading joined Mizuho. Global Head of Prime Brokerage at Morgan Stanley, Ed Keller stepped down and was replaced by Penny Novick & Kim Shaw. Oliver Taylor, Global Equity Exotics Trading, EMEA Corporate and Convert Trading from JP Morgan, has joined Citi as Head of Americas Cash and Equity Derivatives Trading. Written by: Kimee Lee. For more information contact Kimee Lee, k.lee@sheffieldhaworth.com or Beatrice Collison, b.collison@sheffieldhaworth.com 

All our insurance sector hiring data covers senior level appointments, moves and promotions, sourced from TALNT, Sheffield Haworth’s proprietary AI-driven platform for tracking executive moves, which gathers and analyses data from 300+ reputable public sources around the globe.Of the 50 senior global insurance hires tracked this month, the ones that received the most interest from our subscribers on TALNT were:Adam Mullen, who has joined independent reinsurance broker BMS Re as executive director to oversee the launch of the company’s new Bermuda operations. Prior to this position, Muller worked as a reinsurance consultant at Attestor Capital, where he oversaw non-executive consulting assignments for acquisitions, business planning and strategy.Carl Hess, who has been appointed the new president and the next CEO of US-based broking giant Willis Towers Watson. Hess was the head of investment, risk and reinsurance business at WTW. He has immediately assumed the role of president and will replace outgoing CEO John Haley in January 2022.Kirsten Beasley, who has been appointed head of Willis Towers Watson’s Bermuda office, where she will focus on Bermuda placements in casualty, property, financial lines, and healthcare lines. Beasley has been head of healthcare broking in North America for WTW since 2018, having joined the company as a Senior Vice President in 2016.Wendy L Harrington has joined the board of directors at the US-based InsurTech broking platform Accelerant. Harrington is the Chief Data and AI Office at TIAA, where she Nuveen Labs, whose mission is to develop data, analytics, and AI to fuel superior investment capabilities. Prior to joining Nuveen, Harrington had an impressive track record in fintech. In addition, here are some senior appointments that caught my eye in August:In August, Swiss Re announced the appointment of Jason Richards as president and CEO of the Reinsurance Business Unit in the UK and Ireland, effective 1 January 2022. Richards will be responsible for “driving profitable growth of the UK & Ireland reinsurance portfolio and continuing to strengthen Swiss Re’s influence and position in the London market”.Oneglobal Broking has launched a new office in the Netherlands, and appointed Alex van der Wyck as CEO. Prior to this, van der Wyck was CEO of Aon Indonesia and Head of M&A Solutions for APAC, where he spent over 12 years, having built his career at Marsh in the Netherlands and the Middle East.Insurance group Hiscox has recruited Helen Rose to serve as chief financial officer of Hiscox London Market and Hiscox Syndicates Limited. Rose has more than a decade of insurance industry experience, including time spent at Aspen Group where she was insurance CFO, UK finance chief, and most recently, chief accounting officer. She will join Hiscox in February of next year.Zurich Middle East Life has named long-time Zurich executive Reena Vivek as its Interim CEO. Vivek has worked at Zurich insurance group entities since 2012, prior to which Vivek worked at Metlife, American Life Insurance Company and also Citibank. The company has said her appointmet will help effect a smooth transition from outgoing Zurich ME CEO Walter Jopp.iA Financial Group has announced the appointment of Pierre Miron to the new position of Executive Vice-President and Chief Transformation Officer. According to iA’s President and CEO, “The challenges we face and will continue to face are as numerous as they are varied. They also all represent opportunities to be seized, and that is exactly what we intend to do.”Global senior insurance hires, Jan 2020 – August 2021The following chart shows the overall trend in senior global insurance hires since the beginning of 2020:image.png 116.56 KBGlobal senior insurance hires by sub sector, Jan – August 2021The following chart compares senior hiring trends between the Non-life, Life/Pensions/Health, Reinsurance, and Brokers/Intermediaries sub sectors, where you can see they have been broadly following the same pattern:image.png 76.5 KBGender balance of senior global insurance hires, August 2021Of the new senior appointments we tracked this month, the average global gender split was 32% women and 68% men. Broken down by region, we see that almost 37% of new EMEA appointments in August were women. 35% of new appointments in the Americas were women, while all the appointments tracked by TALNT in AsiaPAC were men.image.png 53.4 KBTop 10 companies with the most new appointments in August 2021Here are the global insurance businesses who have made the most senior appointments during August:image.png 31.29 KB

Profile: Blackstone is the world's largest alternative asset manager with approximately $600 billion worth of assets under management. Born out of the 90's leveraged-buyout era, it offers private equity, hedge fund, credit and real estate solutions to clients after publicly listing in 2007. Q1 of 2020 saw the firm turnover a $1.07BN loss - its fortunes have turned with 8.1$BN from asset sales in Q1 2021. Who's joined Blackstone in the past year?Blackstone began the year with Kishore Moorjani resigning from his role of head of tactical opportunities in Asia.It added CEO of SaaS giant Snowflake, Frank Slootman as senior advisor in January.The private equity firm followed by adding Michael Hovey as senior managing director for Blackstone Insurance from Morgan Stanley, where he worked for 23 years. In February, Shary Moalemzadeh joined as head of tactical opportunities in the US. Scott Bommer joined as chief investment officer for the new platform, Blackstone Horizon, seeking to target partnerships with investment managers.Paul Morrisey will lead the Blackstone Growth Fund (BXG) in Europe that has already invested in plant-milk leader Oatly and music service Epidemic Sound.The BXG will look for acquisitions in Israel’s exuberant tech sector after the appointment of Yifrat Oron as senior managing director in the new Tel-Aviv offiIn April, Blackstone created its first ESG roles. Elizabeth Lewis, formerly of the Global Environment Fund, was named managing director of ESG.James Mandel, formerly of McKinsey, will hold the role of managing director of sustainability.Nina James will become head of ESG for Real Estate in Asia.Rita Mangalick has been promoted to global head of ESG for BAAM, having previously been a director for UBS asset management. Blackstone hired Jonny Bauer from Droga5 as head of brand transformation for its 200 companies - following from the rebranding of Thompson Reuters into Refinitiv in 2018.Finally, in May, Paget MacColl was hired to head the $82BN hedge fund unit, replacing Oliver Mayhoras as he moves to a broader business development role. What can we learn from this?Blackstone's recent success is down to its growth-focused strategy, typified by its stake in Bumble’s parent company Magic Lab and Oatly. Naturally, this involves tech and sustainable acquisitions. Bumble's mammoth IPO saw it float $13BN, with Blackstone investing in 2018 when it was valued at $3BN. With Oatly set to follow with analysts reporting a $10BN market cap, it’s no wonder Blackstone is seeking to acquire an Israeli startup. Its push for sustainability, however, is likely focused on cleaning up its existing portfolio in line with incoming ESG regulation. Still, its search for an insurance acquisition shows that it is not abandoning its value investing principles. Nor does it represent a departure from shrinking holding time for private equity, after the increase from 2008 to 2015. The Refinitiv sale within a year to LSEG is emblematic of its brand focus and quick turnover time. One might look at the hires and a $4.5BN growth fund as part of a metamorphosis into a venture capitalist. But this only represents a nominal proportion of its portfolio. Expect more tech and sustainable acquisitions - coupled with those in traditional sectors like insurance and real estate too.