Lockton appoints ex-Lehman as president of capital markets division

Independent insurance broker Lockton Companies has appointed Pradip Ghosh as president of Lockton Capital Markets (LCM), its alternative capital and insurance-linked securities (ILS) focused unit.

In his new role, Ghosh will work closely with chief executive Ken Pierce to provide direction and oversight as LCM looks to build out its platform.

Ghosh most recently served as a senior advisor at LCM. He has over 20 years of experience in the insurance, financial services, and asset management industries. His prior experiences include working as a managing director at Ares Management where his primary responsibility was to originate, execute and monitor the company's principal investments in the insurance space. Ghosh has also worked at Barclays Capital and Lehman Brothers, where he originated, structured and executed both public and private capital markets transactions with insurance companies, commercial banks and pension funds. He began his career at Lehman Brothers as a member of the team that created Lehman Re, a Bermuda-based reinsurance company.

Pierce said: "I have been very fortunate to know Pradip for over 20 years and directly witness his impact in both the insurance and alternative asset management sectors. Pradip's track record of innovation and execution, as well as his deep industry knowledge, will help Lockton Capital Markets remain at the cutting edge of the convergence marketplace for years to come."

Ghosh commented: "I am excited to join Lockton Capital Markets and assist in building the preeminent provider of bespoke solutions operating at the intersection of the insurance and asset management industries. Our goal is to execute transactions where our technical expertise, industry knowledge, and strategic relationships are fully utilized to maximize outcomes for clients. We have a strong conviction that the convergence of these industries will continue and that Lockton Capital Markets, along with the Lockton Companies' global platform, will be at the forefront in offering differentiated services to our partners and clients."