BPL Global, a leading CPRI broker has hired seasoned banking professional Riz Sheikh to expand its Portfolio Solutions team.
Bringing over 20 years of experience in securitisation and structured finance, Sheikh will use his expertise towards the development of BPL Global’s Significant Risk Transfer (SRT) offering, to complement the broker’s existing portfolio solutions capabilities for banking and financial institution clients.
In the role, Sheikh will report to Charlie Radcliffe, Deputy CEO and will also work alongside Gregory King-Underwood in an expanded Portfolio Solutions team.
Meanwhile, Sheikh previously served at NatWest as Director of Capital Management and Portfolio Risk Mitigation, where he oversaw the SRT and credit risk insurance platforms for the bank’s commercial division.
He also previously held origination, structuring and distribution-related roles at Royal Bank of Scotland, Barclays, KPMG and Deutsche Bank.
In addition, BPL Global has also confirmed that Steve Gandy will also be joining the broker on a consultancy basis.
Formerly Santander’s Head of Private Debt Mobilisation at the corporate and investment banking arm, Gandy is an industry veteran who brings almost 30 years of experience in securitisations and other structured finance solutions.
BPL Global Group CEO Sian Aspinal, said: “With the insurance market set to become more active in capital relief trades, we knew it was essential to boost our SRT capabilities and ensure we are approaching these types of transactions with the right expertise and knowledge.”
Charlie Radcliffe, Deputy CEO added: “As a broker, our role is to connect originating banks with insurance partners and facilitate the development of this market. By expanding our capabilities in this space, we will give underwriters even greater confidence in participating in these transactions. These new appointments allow us to build long-term partnerships while effectively representing the needs of our banking and institutional clients. I look forward to working with Riz and Steve to expand our offering and build our portfolio in line with our growth strategy.”
Riz Sheikh commented: “I am excited to be joining BPL Global – a world-leading specialist broker – and to bring my experience in securitisation and structured finance to help leverage the existing platform into growing this part of the business. I look forward to expanding on BPL Global’s offering here to help our insurer and reinsurer partners develop SRT product expertise and continue to deliver best-in-class solutions for our policyholders.”
