Global insurance and reinsurance broker Lockton has appointed financial services and technology experts Ash Shah and Femi Ogunjumo as Managing Director and Vice President, respectively, at its recently established Lockton Capital markets business.
Launched last month, Lockton Capital Markets facilitates investment banking and capital markets transactions and aims to provide niche, high impact solutions for insurers and financial sponsors.
Shah has more than 20 years of financial services, banking and technology management experience, having previously held senior management positions with Citi, TD Waterhouse Securities and NYSE.
He also has experience evaluating, investing in, and implementing solutions offered by fintech companies, and will be responsible for facilitating the growth of InsurTech companies at Lockton Capital Markets.
Ogunjumo has over five years of investment banking experience and has advised various corporate clients on a wide range of mergers and acquisitions (M&A) and capital markets transactions, having previously covered insurance technology companies at Deutsche Bank and Sherman & Company.
In his new role, Ogunjuma will be responsible for covering and executing transactions with insurers and InsurTech companies.
“We are fortunate to have two respected financial and technology experts, Ash and Femi, join Lockton Capital Markets,” said Vishal Jhaveri, Chief Executive Officer (CEO) of Lockton Capital Markets.
“As Lockton Capital Markets expands into the insurtech space, their experience will help us to develop strong relationships to connect insurtech companies with capital markets,” Jhaveri added.