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Lincoln National’s Cooper Adds Narayanan for Investments

Lincoln National Corp. (LNC) hired Paul Narayanan as managing director of portfolio management analytics as Chief Investment Officer Ellen Cooper builds her team.

Narayanan was most recently head of credit risk analytics at American International Group Inc. (AIG)’s property-casualty unit, according to a statement today from Radnor, Pennsylvania-based Lincoln.

Cooper has been adding staff at Lincoln after joining last year from Goldman Sachs Group Inc. to oversee a portfolio valued at more than $99 billion, mostly in bonds. Earlier this month she hired Jayson Bronchetti from JPMorgan Chase & Co. (JPM) as managing director of tactical strategies in fixed income.

“Paul is a recognized leader in investment management and portfolio analytics and brings more than 30 years of extensive experience in quantitative analysis and portfolio modeling across many asset classes,” Cooper said in today’s statement.

Narayanan co-authored “Managing Credit Risk: The Great Challenge for Global Financial Markets” and “Managing Credit Risk: The Next Great Financial Challenge,” according to the statement. He has a bachelor’s degree in mechanical engineering from India’s University of Pune, formerly known as University of Poona, Lincoln said. He has a master’s degree in finance from New York University’s Stern School of Business.

Lincoln advanced 0.2 percent to $35.32 in New York trading today. The company has rallied 36 percent this year.

Allianz SE, Europe’s biggest insurer, and Warren Buffett’s Berkshire Hathaway Inc. are among rivals that have hired veterans of New York-based AIG this quarter. Allianz’s Fireman’s Fund unit said today it hired Erik Matson, previously regional president of the Americas at the small- and medium-commercial business at AIG.

Jim Ankner, a spokesman for AIG, declined to comment.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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