December 5, 2024

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Symetra Investment Administration (SIM) Results in being Registered Expense Advisor

BELLEVUE, Clean.–(Company WIRE)–Symetra Economical Corporation currently announced that its expense subsidiary, Symetra Financial commitment Management Company (SIM), is now a Registered Investment Advisor (RIA) with the Securities and Exchange Fee. Launched in January 2020, SIM will expand its current relationship with Symetra, continue on to facilitate the capacity of Symetra’s Japan-primarily based father or mother, Sumitomo Life Insurance coverage Enterprise, to devote in U.S.-dependent assets, and start to pursue third-party institutional clients.

“SIM is a key supporter of the sustainability theory in Symetra’s Benefit, Transparency and Sustainability (VTS) guiding principles, handling $40 billion of Symetra’s belongings, which are there for our clients any time they need to access their policy gains. SIM’s RIA designation presents us the opportunity to even further strengthen our sustainability promise by maximizing our strategic planning capabilities and expenditure administration strategies,” stated Margaret Meister, president and main executive officer, Symetra Economic Company.

Mark E. Hunt, president of SIM and govt vice president and main investment officer of Symetra Economical Corporation and its insurance policies subsidiaries, directs the firm’s financial investment plan and technique, and oversees Symetra’s approximately $40 billion investment decision portfolio.

“We see a vivid, dynamic long run for SIM,” reported Mr. Hunt. “Becoming an RIA is an essential phase that expresses our determination to excellence and demonstrates our long-phrase intention to develop the firm by letting us to open up our doors to third-party institutional buyers. In the in the vicinity of time period, we continue to aim on and expand the investment decision portfolios we control for Symetra and Sumitomo Lifestyle. The total workforce normally takes good pride in the believe in Symetra and Sumitomo Life have placed in us.”

In addition to Mr. Hunt, the SIM workforce contains Colin Elder, senior taking care of director and head of industrial property finance loan financial loans Nicholas Mocciolo, senior handling director and head of structured bonds and derivatives and Evan Moskovit, senior controlling director and head of company set revenue. SIM’s preset revenue crew is based in Farmington, Connecticut, and its business mortgage loan loans procedure is centered in Bellevue, Washington.

More than the course of the past fourteen months, SIM’s investment decision and leadership crew has grown to include things like:

Ken Yang, senior managing director and head of superior produce, bank financial loans and structured goods, oversees investments in below investment decision quality rated corporate credit and structured products. Prior to signing up for SIM in 2020, Mr. Yang was co-head of lender loans and a large produce portfolio supervisor for profits builder and multi-asset funds at Goldman Sachs Asset Administration, an asset administration subsidiary of Goldman Sachs. At Goldman, he managed CLOs, financial institution personal loan independent accounts and mutual funds, U.S. and European substantial generate bond portfolios. Earlier, Mr. Yang was an investment decision banker at Salomon Smith Barney, a subsidiary of Citigroup, exactly where he worked in the expenditure banking division covering economic establishments, which includes insurance policies and asset administration firms.

Yvonne Guajardo, taking care of director and head of non-public placements, oversees Symetra’s somewhere around $3 billion non-public placement portfolio. Ms. Guajardo joined Symetra in March 2020 from MetLife Expenditure Management’s Private Placement Team, in which she was controlling director and head of partnership administration. Prior to becoming a member of MetLife, Ms. Guajardo put in 25 several years with Prudential Private Cash most just lately as senior vice president running a group dependable for promoting, originating, structuring and underwriting non-public placement financial debt investments.

Kevin Sklar, senior taking care of director and chief economic officer, joined SIM in February 2021 and oversees the firm’s finances, expenditure operations and investment decision reporting. He has over 24 years of investment decision administration business encounter and was most just lately senior vice president and corporate controller at York Cash Management, an investment decision adviser to non-public financial commitment partnerships and offshore investment cash. Prior to that, he was govt director and head of finance at an investment decision 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 & Younger. A Licensed Public Accountant, he holds a Chartered Worldwide Administration Accountant designation. He earned an MBA with concentrations in finance and administration from New York University’s Stern University of Organization.

Richard Wirth, senior handling director and basic counsel, has around 38 yrs of expertise in the economic services sector training legislation in the regions of asset management, international fund development, actual estate, insurance policy, and variable products. Mr. Wirth has printed various law overview content and served as a senior adjunct professor of regulation at Western New England Faculty of Regulation, wherever he taught insurance policy legislation courses at each the JD and LL.M concentrations. Prior to joining SIM in 2020, he served as govt vice president, U.S. Head of Lawful, Regulatory Compliance & General Counsel for Aegon Asset Management, a subsidiary of Aegon N.V. Mr. Wirth’s qualifications includes division normal counsel with Transamerica and roles of at any time-growing tasks at The Hartford and The Phoenix.

Robert Herlihy, main compliance officer, joined SIM in January 2021. Given that 2005, he has served as a main compliance officer for GE Asset Management, Point out Street International Advisors, and most not too long ago, Hudson Structured Capital Management. Mr. Herlihy earlier held numerous finance leadership roles, serving as treasurer for the GE Mutual Fund loved ones and as an audit supervisor with PricewaterhouseCoopers LLP, McGladrey LLP, and Condon O’Meara McGinty & Donnelly LLP. Mr. Herlihy is a Licensed Public Accountant.

About Symetra

Symetra Economic Corporation is a diversified monetary expert services business primarily based in Bellevue, Washington. In small business given that 1957, Symetra delivers employee benefits, annuities and everyday living coverage by means of a countrywide network of reward consultants, money institutions, and impartial monetary experts and coverage producers. For additional data, stop by www.symetra.com.