Lockton Capital Markets, a global investment bank and part of Lockton Companies, has announced the hiring of Ken Pierce as Chief Executive Officer (CEO), effective June 1st, 2020.
In his new role, Pierce will be tasked with leveraging his 30 years of experience as a leader in the insurance and alternative asset management sectors to lead Lockton Capital Markets.
The global investment bank will maintain its robust collaborative relationships with Lockton business areas, including Lockton Re and retail, in order to provide high impact solutions for insurers, companies and financial sponsors.
Ron Lockton, Chairman of Lockton Companies, said: “I look forward to Ken’s leadership of Lockton Capital Markets. Given his proven track record and exemplary approach to solve complex challenges, the Lockton Capital Markets team will be a great partner to the rest of Lockton with Ken as its CEO. This is another example of industry leading talent joining Lockton.”
Executive Chairman of Lockton Capital Markets, Michael Calabrese, added: “I am very pleased that Ken is joining LCM as our CEO. I am confident from our discussions over the years, that he shares our vision to build a Capital Markets business as a specialized team leveraging Lockton’s global platform and collaborating with our various business units to provide creative solutions for insurance companies, asset managers, and corporate clients.”
Pierce founded and began serving as CEO of Vanpoint Advisors in 2019, a company which originated and structured asset portfolio financing transactions for alternative asset managers, and also closed block reinsurance, sidecar reinsurance, and surplus notes. Effective June 1st, 2020 the assets of Vanpoint Advisors will be merged into Lockton Capital Markets.
Previously, Pierce served as Co-founder of Vanbridge, and has also held leadership roles at Mayer Brown, Morgan Stanley, and Lehman Brothers.
Pierce commented: “Lockton Capital Markets will continue to serve as a trusted advisor to the insurance and alternative asset management industries, delivering innovative solutions to our clients.
“We will continue to grow our structured finance practice that brings the insurance and alternative asset management industries together in bespoke, yield-enhancing, capital efficient financing transactions, and our solutions practice, which delivers capital and capital relief to insurers and reinsurers through multiple avenues including closed block and sidecar reinsurance transactions, surplus notes and insurance-linked securities.”