Life and annuity re/insurance firm Global Atlantic Financial Group has announced the appointment of Anup Agarwal as Deputy Chief Investment Officer.
Agarwal joins Global Atlantic from Western Asset Management, where he most recently served as Head of Residential, Consumer and Commercial Credit and was responsible for managing more than $60 billion in structured products.
He brings more than 20 years’ of experience to his new position at Global Atlantic, which will require him to lead the company’s investing activities across all asset classes, including approximately $60 billion in credit, structured products, loans and real assets.
The appointment is effective from 7 January 2019 and will see Agarwal operate from Global Atlantic’s New York office, reporting to Gilles Dellaert, Co-President and Chief Investment Officer at Global Atlantic.
“We are excited to welcome Anup to Global Atlantic,” said Dellaert. “His strong expertise as a seasoned investor will enable us to build on our strategy, and I expect he will make a significant contribution to our investment capabilities.”
Whilst at Western Asset, Agarwal served as the Chief Investment Officer of the firm’s Mortgage Capital business and converted the agency REIT to a hybrid REIT.
He also built the company’s direct lending strategy and managed multiple credit and structured credit strategies and funds.
Agarwal commented on his appointment: “Global Atlantic is an impressive company that has experienced great growth, and I am honored to join this dynamic team. I look forward to working with Gilles and the team to drive and execute on the company’s proven strategy.”