DGAP-News: Conning to Add Chief Investment Officer for Europe
(businesspress24) - Conning
28.09.2011 13:47
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HARTFORD, Conn., 2011-09-28 13:47 CEST (GLOBE NEWSWIRE) --
Conning, Inc., a leading global provider of asset management solutions,
services and research to the insurance industry, announced today that it will
appoint Russell Busst to a newly created position as its European Chief
Investment Officer later this year.
Conning said that this strategic hire adds strong investment management
expertise to enhance its global investment capabilities and builds on its solid
foundation in London, Dublin and Cologne. On June 28, 2011, Conning announced a
joint venture with Cathay Financial Holding Co. to provide institutional asset
management services to insurers and other institutions in the Asia Pacific
region.
'We are delighted that Russell will join Conning. I believe his experience will
enhance our competitive position in an important market. He joins us following
a comprehensive search and I am confident we found the strongest candidate to
lead our European investment operations,' stated Woody E. Bradford, Conning's
President and Chief Operating Officer. 'Russell is a dynamic and experienced
investment executive who will drive our European strategy during a critical
time for the industry as it manages the risks and opportunities brought about
by regulatory change and market shifts. His focus on managing assets for the
insurance industry combined with his commercial skills, developed over 25
years, will add a new dimension to Conning's continuing efforts to deliver the
very best in service to the insurance industry.'
'Russell's expertise -- particularly his relationships in the Lloyd's market,
in Bermuda, and across the diverse economies of Europe -- will help shape our
global investment strategy,' said Richard L. Sega, Conning's Chief Investment
Officer.
Mr. Busst was most recently Chief Executive of Amundi's UK subsidiary and Head
of UK Institutional Fixed Income within the London-based Global Fixed Income
Team where, for the past 11 years, he and his team managed assets for a broad
range of UK, US, Bermudian and European insurance market clients. Mr. Busst has
built his team's insurance assets significantly while developing a dominant
position in the Lloyd's market. Additionally, he and his team expanded their
client base into new geographic markets while broadening product offerings to
include Global Investment products. Mr. Busst previously served as Portfolio
Manager for Premium Management Limited where he achieved consistently strong
returns for his Lloyd's, and insurance company clients. He holds a Degree in
Engineering and the Securities Industry Diploma.
About Conning
Conning (www.conning.com) is a leading asset manager for the insurance
industry, with almost $77 billion in assets under management through its
Hartford and Dublin investment centers as of June 30, 2011. For more than 25
years, Conning has built its asset management business to meet the investment
and financial needs of insurers. The Company's unique combination of asset
management, risk and capital management solutions and insurance research helps
clients achieve their financial goals through the implementation of customized
business and investment strategies. Founded in 1912, Conning is headquartered
in Hartford, Connecticut, with additional offices in New York, London, Dublin,
and Cologne.Conning
Teri James
+1 860-299-2335 (direct dial)
teri.james(at)conning.com
Nicky McHugh
Stanton Public Relations&Marketing
+1 646-502-3532 (direct dial)
+1 646-280-9283 (cell)
conningteam(at)stantonprm.com
News Source: NASDAQ OMX
28.09.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Conning
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901759525
WKN:
End of Announcement DGAP News-Service
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Datum: 28.09.2011 - 07:47 Uhr
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News-ID 489252
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