Elementum, an alternative investment manager specialising in collateralised natural catastrophe reinsurance investments, has appointed Jeff Davis as Chief Investment Officer (CIO), Catastrophe Bonds and Paul Barker as CIO of Private ILS.
The firm states that this transition acknowledges Davis and Barker’s success in leading their respective teams and developing investment strategies for Elementum’s clients.
The appointments also reinforce Elementum’s continuing focus on developing personnel, rewarding key individuals, and maintaining a robust succession plan.
Since its inception in 2009, Elementum’s investment business has been headed by Elementum’s Founding Partners, John DeCaro and Tony Rettino.
As Davis and Barker will formally serve as the CIOs for each of their respective teams, Barker specifically will continue in his role as Head of Elementum’s Bermuda office.
The pair will continue to provide macro oversight and investment advice as necessary, focusing on the overall management of Elementum and the continued curation of the firm’s business strategy, new product development, and capital-raising initiatives.
DeCaro commented, “We believe that after almost 30 years of managing ILS investment portfolios, now is the time to formally transition the leadership of Elementum’s investment process to Paul and Jeff, and that it will be in extremely strong and capable hands, this does not alter our commitment to Elementum. In fact, we are energized by the challenge of accelerating the firm’s growth going forward which this transition allows us to do.”
Rettino stated, “Paul and Jeff have enhanced our investment process and broadened the range of investment strategies we are able to offer our clients. Their dedication and success in developing deep investment teams has bolstered our confidence in this decision, which is the culmination of a deliberate succession plan we have been executing over the past several years.”
Davis added. “Earning the confidence of industry pioneers like John and Tony has been both humbling and motivating. I am excited to continue working with Paul and our respective teams toward delivering best-in-class service and strong investment results for our clients. I have no doubt that this next chapter will be enriching, not only for myself and Elementum but also for our clients.”
Barker said, “I am appreciative of this formal nod toward my efforts managing capital for Elementum’s clients, and I am grateful to John and Tony for trusting Jeff and me with the leadership of their well-built investment business. Elementum’s collaborative management style has already produced great opportunities for Jeff and I to work together, and I am excited about the prospect of deepening that synergy.”
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