Symetra Financial investment Management (SIM) Turns into Registered Financial commitment Advisor | Organization
5 min readBELLEVUE, Clean.–(Business enterprise WIRE)–Apr 15, 2021–
Symetra Economical Corporation now announced that its financial investment subsidiary, Symetra Investment Management Corporation (SIM), is now a Registered Investment decision Advisor (RIA) with the Securities and Exchange Fee. Launched in January 2020, SIM will broaden its existing marriage with Symetra, continue on to facilitate the skill of Symetra’s Japan-dependent mother or father, Sumitomo Existence Insurance plan Corporation, to spend in U.S.-centered belongings, and start out to pursue 3rd-get together institutional purchasers.
“SIM is a key supporter of the sustainability basic principle in Symetra’s Benefit, Transparency and Sustainability (VTS) guiding concepts, controlling $40 billion of Symetra’s assets, which are there for our consumers every time they need to have to entry their policy advantages. SIM’s RIA designation offers us the possibility to further more reinforce our sustainability promise by improving our strategic scheduling capabilities and investment administration procedures,” said Margaret Meister, president and chief executive officer, Symetra Economic Company.
Mark E. Hunt, president of SIM and government vice president and chief expense officer of Symetra Economic Company and its insurance coverage subsidiaries, directs the firm’s financial investment policy and system, and oversees Symetra’s about $40 billion expenditure portfolio.
“We see a brilliant, dynamic potential for SIM,” said Mr. Hunt. “Becoming an RIA is an critical step that expresses our dedication to excellence and demonstrates our lengthy-expression purpose to mature the company by allowing for us to open our doors to 3rd-social gathering institutional investors. In the close to phrase, we proceed to focus on and increase the expense portfolios we manage for Symetra and Sumitomo Daily life. The full workforce normally takes fantastic delight in the trust Symetra and Sumitomo Daily life have positioned in us.”
In addition to Mr. Hunt, the SIM team involves Colin Elder, senior handling director and head of business house loan financial loans Nicholas Mocciolo, senior taking care of director and head of structured bonds and derivatives and Evan Moskovit, senior controlling director and head of corporate fixed money. SIM’s fixed money staff is based in Farmington, Connecticut, and its commercial property finance loan financial loans procedure is primarily based in Bellevue, Washington.
Above the class of the final fourteen months, SIM’s expense and leadership team has developed to involve:
Ken Yang, senior controlling director and head of large produce, financial institution loans and structured solutions, oversees investments in under financial commitment grade rated corporate credit rating and structured merchandise. Prior to joining SIM in 2020, Mr. Yang was co-head of lender financial loans and a significant generate portfolio supervisor for income builder and multi-asset funds at Goldman Sachs Asset Management, an asset administration subsidiary of Goldman Sachs. At Goldman, he managed CLOs, lender financial loan independent accounts and mutual funds, U.S. and European large generate bond portfolios. Earlier, Mr. Yang was an investment decision banker at Salomon Smith Barney, a subsidiary of Citigroup, wherever he labored in the financial investment banking division covering monetary institutions, which includes coverage and asset administration firms.
Yvonne Guajardo, taking care of director and head of non-public placements, oversees Symetra’s roughly $3 billion non-public placement portfolio. Ms. Guajardo joined Symetra in March 2020 from MetLife Expense Management’s Personal Placement Group, the place she was taking care of director and head of marriage administration. Prior to becoming a member of MetLife, Ms. Guajardo spent 25 yrs with Prudential Personal Cash most lately as senior vice president controlling a workforce accountable for advertising, originating, structuring and underwriting personal placement credit card debt investments.
Kevin Sklar, senior taking care of director and main monetary officer, joined SIM in February 2021 and oversees the firm’s funds, expenditure operations and expenditure reporting. He has over 24 a long time of financial commitment administration industry knowledge and was most recently senior vice president and corporate controller at York Funds Administration, an investment decision adviser to private expenditure partnerships and offshore financial investment money. Prior to that, he was govt director and head of finance at an investment administration subsidiary of Nomura and vice president of finance at a non-public bank subsidiary of Franklin Templeton. Before in his job, Mr. Sklar was a senior auditor at Ernst & Young. A Licensed General public Accountant, he holds a Chartered World wide Management Accountant designation. He acquired an MBA with concentrations in finance and administration from New York University’s Stern School of Enterprise.
Richard Wirth, senior handling director and typical counsel, has more than 38 many years of experience in the economical providers sector working towards legislation in the locations of asset administration, global fund formation, true estate, insurance plan, and variable items. Mr. Wirth has released various law overview articles or blog posts and served as a senior adjunct professor of legislation at Western New England College of Legislation, exactly where he taught insurance policy regulation programs at equally the JD and LL.M ranges. Prior to signing up for SIM in 2020, he served as govt vice president, U.S. Head of Lawful, Regulatory Compliance & Standard Counsel for Aegon Asset Management, a subsidiary of Aegon N.V. Mr. Wirth’s qualifications involves division general counsel with Transamerica and roles of at any time-raising duties at The Hartford and The Phoenix.
Robert Herlihy, main compliance officer, joined SIM in January 2021. Due to the fact 2005, he has served as a chief compliance officer for GE Asset Management, Point out Road World Advisors, and most not too long ago, Hudson Structured Cash Administration. Mr. Herlihy previously held many finance management roles, serving as treasurer for the GE Mutual Fund family members and as an audit manager with PricewaterhouseCoopers LLP, McGladrey LLP, and Condon O’Meara McGinty & Donnelly LLP. Mr. Herlihy is a Certified General public Accountant.
Symetra Money Corporation is a diversified economic services organization primarily based in Bellevue, Washington. In business considering the fact that 1957, Symetra gives worker advantages, annuities and existence insurance plan by means of a national network of benefit consultants, fiscal institutions, and unbiased economical specialists and insurance plan producers. For additional facts, check out www.symetra.com.
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PUB: 04/15/2021 01:00 PM/DISC: 04/15/2021 01:01 PM
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