Paratus Holdings Limited, an insurer focused on decarbonisation, has appointed Russell Day as Chief Financial Officer.
The insurer stated this appointment represents the next stage of development for the firm following the recent completion of a growth equity investment in Paratus by ARA Partners to expand its commercial operations and introduce innovative renewable power price-risk insurance solutions.
Gus Majed, Group Chief Executive Officer and Founder, Paratus, commented on the appointment, “We are thrilled that Russell is joining the leadership team.
“He brings significant global institutional experience as a finance executive, and deep expertise within the energy sector. He will be instrumental as we execute our growth strategy to scale the business.”
Day has previously held various senior finance roles accumulating extensive experience within the energy sector. Before joining Paratus, he spent 29 years at Morgan Stanley.
Most recently, he served as the Co-CFO & Co-Head of Product Control within the EMEA Institutional Securities Group. Day also holds non-executive and advisory roles, including at Integrals Power Limited, a startup battery technology developer.
Day added, “Paratus presents a unique opportunity to join a genuinely transformative business that has developed an innovative energy price risk insurance product that tackles the existential challenges facing businesses, industries, and the planet. I am hugely excited to support the team and be a part of its expansion.”
