Investment banking specialist, Stonybrook Capital & Risk Management (Stonybrook), has hired Darren Bailey as CEO of International and Group Managing Director, where he will be based in London.
The role will see him lead efforts to grow Stonybrook’s platform internationally, as well as support US domestic business.
Overall, Bailey brings over two decades of global reinsurance and capital markets experience towards Stonybrook.
In his previous executive roles at major firms such as, R&Q, AIG, Aon, and Roosevelt Road Capital Partners, he utilized his network to source and deploy capital on mergers & acquisitions (M&A) and legacy opportunities.
Throughout his career, Bailey has held responsibility for the identification and closure of key transactions to support growth and profitability, for the companies in which he served.
Bailey, commented on his new role: “Having worked with the best entrepreneurial minds in Reinsurance, ILS, MGAs/Programs and Capital Markets; the transition to Stonybrook is both timely and opportunistic.
“Joe and the team have built an exciting and dynamic platform of experienced practitioners across the US, Bermuda, and Europe. It is therefore a great opportunity to share knowledge and assist Stonybrook’s spectrum of (re)insurance and insurtech clients.
“With relentless consolidation in the advisory and broking sectors, Stonybrook will aim to stand out from the competition by addressing the capital and reinsurance challenges of its clients with bespoke solutions. Listening and responding with an energetic and innovative approach will certainly be welcome in this often challenging marketplace where many advisors are burdened with conflicts.”
Founder and Group CEO, Joseph Scheerer, said: “I have always admired Darren’s tenacity to both triage opportunities and close transactions. Intense growth while protecting the balance sheet has been a key theme of his career and the same will apply to our plan for Stonybrook, and the clients we serve, internationally.
“In addition to hiring Darren, recent team hires from Citi and Cowen have also strengthened Stonybrook’s platform to develop our reach further into Europe, the Far East and LATAM. 2024 is shaping up to be a year of exponential growth for Stonybrook with our solid pipeline across both the Capital Markets, Alternatives and Risk Management pillars.
“Where many/most of the headlines note Wall Street downsizing, Stonybrook is only hiring more to serve its niche with the world’s best advice possible. I am flattered by Darren’s commitment to join our firm; the timing could not be any better as Stonybrook continues to build its book of business in the UK and beyond. Stonybrook is especially excited about the MGA market in the UK and Darren’s ambition to build upon our FAL (Funds At Lloyds) efforts with our own Chris Harman.”
