Solidum Companions AG, a Swiss impartial funding supervisor targeted completely on disaster bonds and insurance-linked securities (ILS), has appointed former Vontobel Asset Administration board member Dr. Ulrich Behm as a Accomplice with accountability for gross sales and advertising for the corporate and its funding methods.
The corporate, which was based in 2004 and remains to be fully-owned by its companions, gives the UCITS compliant Solidum Cat Bond Fund, which is a pure disaster bond targeted funding technique, in addition to its Solidum Occasion Linked Securities funds that broaden the scope of investments to non-public cat bonds and reworked reinsurance offers.
Solidum Companions is among the oldest ILS funding boutiques based mostly in Switzerland and its flagship fund has existed since 2006 and delivered a USD 5.7% per-annum return since its inception.
Dr. Ulrich Behm joined Solidum Companions AG this month, as a brand new Accomplice.
He has greater than 1 / 4 of a century of asset administration and monetary markets experience, most of it gained throughout his time working at Vontobel Asset Administration and a profitable track-record in enterprise growth.
Behm started his profession as a administration marketing consultant at McKinsey, however then moved to Vontobel 5 years later.
At first, Behm held the function of Regional Gross sales Head, Europe at Vontobel Asset Administration and was based mostly in Zurich, Switzerland.
He moved to Hong Kong in 2008 and spent 12 years as Vontobel’s CEO and Regional Gross sales Head for APAC.
In 2022, Behm returned to Zurich and was Regional Gross sales Head Switzerland for Vontbel. He had held a seat on the asset administration board of that firm from 2003 till his departure this 12 months.
“We’re happy to welcome Ulrich, whose in depth expertise in institutional asset administration and enterprise growth can be of nice worth to our agency,” Karsten Bromann, Founding Accomplice Solidum Companions commented.
“I’m very a lot wanting ahead to construct our enterprise. Solidum Companions has a powerful and one of many longest crew monitor information with out PM change of all ILS managers worldwide. Moreover, the asset class has quite a lot of development potential from a provide and demand aspect,” Ulrich Behm added.
Posting on LinkedIn, Behm mentioned, “I’m blissful to share that I joined Solidum Companions AG, a pure play ILS funding boutique, as a companion.
“Constructing our enterprise round an asset class recognized for its interesting returns, very enticing diversification potential and ESG credentials is one thing I’m very a lot wanting ahead to.”
Solidum founding companion Bromann additionally mentioned, “Solidum Companions believes, that the market is presently very enticing with Cat Bond spreads over cash market of round 8%. The general development pattern of the market ought to proceed within the coming years. The primary elements are that insured belongings in danger uncovered areas are rising whereas on the similar time insurers are pressured by regulators to offer excessive fairness quotas for excessive occasions. As a consequence, these danger are securitized and bought to the ILS market.”
