Cathay Financial's Conning Adds Ex-JPMorgan Bankers for Pensionsby
The two join after ex-JPMorgan banker Rana was added in 2015
Conning is expanding its offerings for pensions, insurers
Conning, the asset manager acquired by Cathay Financial Holding Co., hired ex-JPMorgan Chase & Co. bankers Hamdan Malik and Sean Kurian as it seeks to expand offerings for insurance companies and pensions.
The two, who previously worked at the bank’s liability-driven investment business, will report to Owais Rana, Hartford, Connecticut-based Conning said Tuesday in a statement. Rana joined from JPMorgan late last year.
Conning oversees about $89 billion in assets and has been expanding since being acquired by the Taipei-based financial firm last year. The firm said Tuesday it’s starting an investment-solutions business after taking over Octagon Credit Investors in January to push into high-yield debt and bank loans.
“Insurance companies and pension plans are increasingly seeking customized investment solutions that focus on their specific goals and objectives,” Rana said in the statement.
Matt Chisum, a JPMorgan spokesman, declined to comment on the departures.