International insurance broker Howden has appointed Colin Reddy as Head of Financial Institutions & Advisory, Howden CAP, effective immediately.
Reddy holds over two decades of experience in financial services and joins Howden CAP from Mizuho Financial Group, where he was responsible for the Financial Institutions Debt Capital Markets team, including Balance Sheet & Capital Solutions and Securitised Products across Europe, the Middle East and Africa.
Before Mizuho, Reddy spent a decade at the Bank of Ireland, working across its Global Markets, Asset Management, Finance and Group Treasury functions, and latterly serving as Head of Balance Sheet Management and Deputy Head of Capital Management.
In his new role, Howden states that he will utilise his expertise to provide clients with balance sheet and regulatory advisory services, while deepening Howden CAP’s existing structuring expertise.
Mary O’Connor, Chief Executive Officer of Howden CAP, commented, “Howden CAP’s strategy is to expand traditional insurance structures to equip our clients with the advisory services and solutions that they need to address the increasingly challenging macroeconomic environment that they are facing.
“Colin’s appointment reflects our strategy to attract talented individuals from outside of the sector, ensuring that insurance remains relevant to clients at this time, and challenging the ways that the industry addresses clients’ long-term capital risks.”
Drew Wardrope, Deputy CEO of Howden CAP, added, “Together with our existing expertise and talent, Colin’s appointment will enable Howden CAP to be at the forefront of balance sheet and regulatory advisory services for Financial Institutions.
“We are building a unique business that is leveraging the power of insurance to develop solutions that address clients’ operational, strategic and capital risks now – and in the future.”
Reddy himself said, “Moving to Howden CAP represents a hugely exciting opportunity to join an entrepreneurial firm. It is an exciting time to be in the insurance industry, and I’m looking forward to using insurance to help clients address the increasingly demanding macroeconomic and political environment they face today.”
