Credit and political risk insurance broker BPL Global is expanding its portfolio solutions capabilities by adding securitisation and structured finance experts Riz Sheikh (pictured) and Steve Gandy to the team.
Tasked to assist the company in developing its SRT (significant risk transfer) offering, Sheikh brings more than two decades of expertise to BPL Global.
Sheikh’s credentials include time spent as director of capital management and portfolio risk mitigation at NatWest, as well as in origination, structuring, and distribution-related roles at Royal Bank of Scotland, Barclays, KPMG, and Deutsche Bank.
“I am excited to be joining BPL Global – a world-leading specialist broker – and to bring my experience in securitisation and structured finance to help leverage the existing platform into growing this part of the business,” Sheikh, who will report to deputy chief executive Charlie Radcliffe, said in an emailed release.
“I look forward to expanding on BPL Global’s offering here to help our insurer and reinsurer partners develop SRT product expertise and continue to deliver best-in-class solutions for our policyholders.”
Lifting the lid on the appointment, group CEO Sian Aspinall said: “With the insurance market set to become more active in capital relief trades, we knew it was essential to boost our SRT capabilities and ensure we are approaching these types of transactions with the right expertise and knowledge.”
Meanwhile, Gandy, who was private debt mobilisation head at Santander Corporate & Investment Banking, is joining BPL Global on a consultancy basis. His securitisations and other structured finance solutions experience spans nearly 30 years.
“As a broker, our role is to connect originating banks with insurance partners and facilitate the development of this market,” Radcliffe said. “By expanding our capabilities in this space, we will give underwriters even greater confidence in participating in these transactions.
“These new appointments allow us to build long-term partnerships while effectively representing the needs of our banking and institutional clients. I look forward to working with Riz and Steve to expand our offering and build our portfolio in line with our growth strategy.”
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