Ancient Capital, the wholly owned asset management subsidiary of Ancient Financial, has announced the appointments of Imran Ahmed as Chief Investment Officer and Sonya Li as Managing Director.
Both Ahmed and Li will report to Erich Schram, Chief Executive Officer of Ancient Financial and Ancient Capital, and will help lead and build out Ancient Capital’s investment team.
As Chief Investment Officer, Ahmed will oversee investments and portfolio construction for the asset management business, including the management and allocation of the platform’s insurance balance sheet assets.
He joins Ancient Capital from Silver Rock Capital Partners, where he was responsible for portfolio construction, risk management, and the sourcing and underwriting of investments across corporate, structured and asset-backed credit.
Prior to that, Ahmed served as a Managing Director at Blackstone, where he worked for the Strategic Opportunities Fund.
In her new role, Li will pursue direct investments, focusing on strategic investments and platform partnerships to support the growth of the business.
She brings nearly two decades of experience in alternative credit, strategic transactions and platform growth.
Li joins from Blue Owl Capital, where she was a Managing Director within the Office of the Co-CEOs and led strategic acquisitions, including Blue Owl’s purchases of IPI Partners, Atalaya Capital Management and Prima Capital Advisors.
The two hires follow a series of senior appointments since the firm’s launch in March 2026, including Shannon O’Grady as Head of Capital Formation, Derrick Chin as Head of Operations, Steve Ruggeri as Head of Finance and Peter Celebucki as Vice President.
Schram said, “Ancient Capital is a rare opportunity to build an investment platform without legacy constraints, with the discipline of an institutional balance sheet behind it. Imran and Sonya are exactly the caliber of investor we set out to attract when we formed this business. Between them, they bring decades of experience underwriting investments, constructing portfolios, and driving strategic transactions at some of the most respected institutions in our industry.”
Alexander Klabin, Chairman, Ancient Financial, added, “When we created Ancient Financial, we set out to build a platform with the institutional rigor and expertise to manage capital across insurance and asset management, and asked Erich to lead that vision. Imran and Sonya’s track records speak for themselves, and I’m confident they’ll play a central role in Ancient Capital’s growth in the years ahead.”
In February 2026, Ancient Financial entered into a definitive agreement to acquire Bermuda-based life and annuity reinsurer F&G Re from a subsidiary of F&G Annuities & Life. The business will be renamed Ancient Re upon closing.
