Aeolus Capital Administration Ltd., the Bermuda primarily based reinsurance and insurance-linked securities (ILS) funding fund supervisor, has introduced a brand new key rent, taking former Elementum govt Benjamin Somers as its new Managing Director of Enterprise Growth.
Somers has nearly 25 years of expertise in enterprise growth for asset managers, practically 12 of which had been spent at ILS and disaster bond fund supervisor Elementum Advisors.
Somers has been appointed Managing Director of Enterprise Growth at Aeolus Companies Corp., which is the US subsidiary of the Aeolus Capital Administration Group.
He can be primarily based in the US and report back to Aditya Dutt, Associate and President of Aeolus.
Somers is skilled in enterprise growth, different asset administration, debt capital markets and company banking, in addition to having led investor relations and capital elevating actions particularly for an ILS specialist supervisor.
He was a Associate and Head of Enterprise Growth & Investor Relations at Elementum Advisors, managing the agency’s enterprise growth group, directing its capital formation and investor relations, whereas additionally contributing to the senior management group.
Earlier than Elementum, Somers was a Director on the Rising Markets group at Stark Investments and labored within the asset administration and company banking departments of JP Morgan and its predecessor companies.
Andrew Bernstein, CEO, Associate and Co-Head of Portfolio Administration, commented on the appointment, “Ben is without doubt one of the stand-out enterprise growth professionals within the insurance-linked securities asset class and I’m thrilled to be including knowledgeable of his caliber to Aeolus.”
Dutt, added, “It’s a pleasure to welcome Ben to the Aeolus group. We consider his skillset, capabilities and expertise will proceed to reinforce our concentrate on serving our purchasers and companions.”