Reinsurance dealer Man Carpenter has introduced the launch of a brand new Capital & Advisory group and employed Alexander Schnieders from Teneo Holdings to steer the brand new initiative.
Man Carpenter’s Capital & Advisory group will sit in the identical World Capital Options unit the place funding banking, disaster bond and insurance-linked securities (ILS) group GC Securities is situated inside the firm.
Capital & Advisory will work carefully with GC Securities because the reinsurance dealer seems to assist market individuals entry, utilise and lift capital in its best varieties.
Alexander Schnieders has been employed as the worldwide head of Capital & Advisory and can report back to Laurent Rousseau, CEO of Europe, IMEA and World Capital Options.
Schnieders has joined Man Carpenter from Teneo Holdings, the place he was the Head of the Monetary Establishments Group (FIG) and Co-Head of M&A.
At Teneo, he managed the group’s US insurance coverage apply together with technique, enterprise planning, deal sourcing and executing capital elevating and M&A transactions. Earlier than that, Schnieders labored for Goldman Sachs and Perella Weinberg Companions in related roles.
The Capital & Advisory group is predicted to broaden Man Carpenter’s choices to c-suite purchasers globally and convey extra capital to reinsurance dangers.
The group there might be tasked with elevating capital for purchasers, advising on capital and M&A transactions, creating new market capability, and supporting new reinsurance firm formation.
“The addition of a Capital & Advisory group to our already sturdy World Capital Options unit, which incorporates cat bonds and different insurance-linked securities by GC Securities and legacy merchandise by World Threat Options, creates an providing that’s unmatched within the trade. With Alexander’s in depth background and robust relationships, the group is effectively positioned to serve our purchasers,” defined Rousseau.
“I’m delighted to hitch Man Carpenter on this newly created position. I’ve a long-standing respect for the Man Carpenter group and confidence we’ll present purchasers a differentiated providing to assist them obtain their threat, capital and strategic targets,” added Schnieders.
