Vesttoo nabs ex-Barclays, BlackRock to lead capital markets North America

Alternative risk transfer and insurance-linked investment platform  Vesttoo has hired a capital markets executive to lead its US capital markets team and direct its fundraising activities and strategic initiatives across the North American region.

Thomas Rose, a former BlackRock director, joins as head of capital markets, North America. He will lead and further develop the team of capital markets specialists covering the North American region, driving the initiative to continue growing Vesttoo's investor base.

Rose has 20 years and a wealth of capital markets experience, having previously held key positions at Barclays Global Investors, BlackRock, and Neuberger Berman. Prior to joining Vesttoo, Rose was the co-head of distribution for 3iQ (US), a crypto-asset firm in Canada that launched the first regulated crypto funds in North America.

Julia Henderson, chief commercial officer at Vesttoo, said: "I'm thrilled to be able to announce that Tom is joining our North American team. Tom's extensive capital markets experience means he brings a deep understanding of the needs of institutional investors and is able to articulate why today's market dynamics represent a fantastic opportunity for the ILS asset class.

"ILS represents an asset class capable of generating returns largely uncorrelated to movements in financial markets. Vesttoo's drive to develop the non-cat segment of the ILS market with the support of our data-driven technology is a game-changer. I have no doubt Tom will continue to build on the momentum our North American and Global capital markets teams have already achieved."

Rose commented: "Institutional investors continue to be on the hunt for sensible yield enhancement opportunities. Vesttoo's approach to the insurance risk transfer and the ILS asset class offers investors a diversified, uncorrelated yield without the excessive unpredictability of catastrophic risk strategies. Moreover with the technology that Vesttoo has created, investors are able to get a data-driven and transparent risk pricing view in a way that's completely unique to the asset class."

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