The Board of Directors of the Amynta Group has elected Robert Giammarco as Chairman and Chief Executive Officer (CEO). Joining from the Bank of America Merrill Lynch (BAML), Giammarco brings extensive insurance sector expertise to the role.
Giammarco succeeds Stuart Hollander, who is set to become an advisor to the Amynta Board of Directors. Giammarco’s insurance industry expertise includes knowledge and experience in M&A, longstanding industry relationships, as well as a solid history of both developing and leading high-performing teams.
Commenting on the departure of Hollander, Vahe Dombalagian, a Managing Director at Madison Dearborn Partners and a member of the Amynta Board of Directors, said: “On behalf of the Board, I would like to thank Stuart for his strong leadership during this critical period of establishing Amynta as an independent company with the resources and strategy to grow each of its market leading business units. We wish Stuart the best in his future endeavors.”
Giammarco joins after 20 years with Bank of America Merrill Lynch, where he led the Financial Institutions Group for the Americas since 2014.
On Giammarco’s appointment, Dombalagian said: “We have known Rob for many years and he has been an outstanding banker to the insurance sector, with a great track record of driving value for clients. We are looking forward to having him bring the same focus, energy and dedication to Amynta as we continue to build an industry leading business.
“Rob’s passion, unique expertise and leadership skills position him well to lead Amynta as we maintain our significant momentum through increased platform scale and strong organic growth. We are confident that his impressive network of industry relationships, complemented by his deep M&A experience, will enable Amynta to achieve strong growth moving forward.”
Giammarco added: “I am thrilled to join Amynta at this exciting time in its development. Together, we will continue to build a leading franchise that will deliver strong value to our customers, carriers, distribution partners and employees. We will have a relentless customer focus, delivering innovative products and solutions. I look forward to joining all of my colleagues at Amynta as we build on the many growth opportunities ahead of us.”