Sompo has announced the appointment of Thomas Leone (pictured) as its new chief investment officer, taking over the role vacated by Mark Silverstein, who has retired after more than 18 years with the firm.
Sompo chief financial officer Nicolas Burnet expressed his excitement at welcoming Leone to the company.
“The combination of his technical expertise, strategic vision and strong leadership skills makes him the perfect fit for this role. I am confident Tom will further advance our investment strategy to ensure the continued financial success of our organization,” said Burnet.
He also took the time to thank Silverstein for his efforts over the years.
“Mark is leaving behind an exceptional legacy and I would like to thank him for his outstanding leadership and many contributions that built a market-leading investments function for Sompo,” said Burnet.
“I am very pleased that his journey with our organization does not end here. Instead, it transitions into a new phase where Mark has agreed to lead Sompo’s philanthropic efforts.”
Prior to joining Sompo, Leone spent 11 years with PartnerRe in various roles such as portfolio manager and head of public fixed income, with the most recent one being chief investment officer.
His extensive career also included experiences with Genworth Financial as derivatives project manager, derivatives analyst, and derivatives trader, asset liability management as well as with Fidelity Investments as senior software engineer and senior project manager.
Leone received his bachelor’s degree in finance and computer information systems at Bryant University and his master’s degree in management from Rensselaer Polytechnic Institute.
In his new role with Sompo, he will report to Burnet and will be based in its office in Purchase, New York.
Leone’s appointment will take effect on October 1, 2024.
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