Alternative investment manager, Elementum Advisors, has announced the strategic new hire of Jeff Davis, who will join Elementum in September 2020 as Senior Vice President (SVP) of Investments.
Davis, who is joining from Aon Securities, a division of re/insurance broker Aon, has nearly 10 years of experience. He most recently co-led the organization’s credit practice for re/insurers and advised on capital raises, while also structuring and executing numerous catastrophe bond transactions.
Commenting on Davis’ appointment, John DeCaro, Founding Partner and Senior Portfolio Manager, said: “Jeff joins the firm with experience in a different part of the capital structure for reinsurers. His joining marks a solid step forward in our strategy to add greater depth and perspective to our investment process.”
Elementum has further announced significant additions and promotions across its investment and senior leadership teams.
After almost a decade with the company, Partner and Portfolio Manager, Paul Barker has been named to Elementum’s Executive Committee as its fourth member where he will be joining the committee’s existing members, Founding Partners Tony Rettino and John DeCaro, and Managing Partner Mike France.
As an integral member of Elementum’s leadership team, during his almost decade-long tenure in Chicago and Bermuda, Barker has been a key member of the investment team. His efforts have been vital in cultivating many of the firm’s counterparty relationships and leading the development of Elementum’s state-of-the-art portfolio construction tools.
Alongside other Executive Committee members he will be responsible for product development, R&D, talent acquisition and management, as well as other strategic operations within the firm.
Additionally, Partner Jake Weber has been appointed to the leadership of Elementum’s newly formed Analytics department. This department is responsible for evolving the firm’s view of risk through dedicated research, as well as providing peer review and support of the firm’s transaction modelling efforts.
Catherine Malloy Cummings has also been named Chief Administrative Officer to streamline and enhance the firm’s administrative functions. Cummings joined the firm in 2019 as Chief Human Resources Officer and brings significant operational experience, having served in HR functions at IMC Financial Markets and the Federal Reserve Bank of Chicago, among others.
Tony Rettino, Founding Partner and Senior Portfolio Manager, said: “Alongside our goal of providing attractive returns to investors, we have always been set on building a sustainable organization that can endure and evolve with market cycles. These personnel announcements underscore our commitments to cultivating our next generation of leaders and bringing new expertise and skill-sets to the organization. We know that underpinning our successful track-record are the investments we make in our team.”