International insurance and reinsurance provider
Hiscox has appointed Alex Veys as chief investment officer, in preparation for the retirement of David Astor in 2018.
Veys will join Hiscox in December, and there will be a transition period where he will work alongside Astor, who departs from the company on July 2018 after 15 years’ service.
Veys is an insurance industry veteran of over three decades, and he was most recently senior investment advisor at British insurer LV=. From 2010 to 2016, he was chief investment officer of Partnership Assurance, overseeing substantial growth of the company’s assets.
“Alex brings a wealth of experience in managing large and complex asset portfolios drawn from over 30 years in investment management,” said Hiscox Group chief financial officer Aki Hussain. “He has a history of delivering strong and efficient performance in his funds and will be an able custodian of the Group’s assets.”
Meanwhile, Hiscox CEO Bronex Masojada commented on Astor’s retirement, saying: “I would like to thank David Astor for his contribution to Hiscox over the last 15 years, during which he has overseen asset growth from [US$790 million to US$5.8 billion] and delivered consistently strong investment returns. David has been a safe pair of hands during periods of economic uncertainty and a valued member of our senior management team.”
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