McNamara joins Howden from the Bank of Ireland, where he dedicated 20 years to various senior positions, culminating in his role as the head of group balance sheet management & execution. In this capacity, he was responsible for overseeing the bank's extensive SRT (significant risk transfer) program.
In this new role, he brings a wealth of experience in balance sheet management and credit solutions, which he will leverage in his new role to enhance advisory and structuring expertise at Howden CAP. McNamara’s work will have a particular emphasis on portfolio solutions and significant risk transfer transactions.
McNamara will be based in Dublin and will report directly to Colin Reddy, head of financial institutions & advisory for Howden CAP. The firm underscores this appointment as Howden CAP's unwavering commitment to investing in specialised expertise for its bank and institutional clients and integrating it into the local markets it currently serves.
He will start his employment at Howden upon the fulfilment of his contractual obligations with his current employer, which are expected to conclude by the end of 2023.
“I have been impressed by Howden CAP’s growth in the past year and it's evident that their expert talent and possession of a deep understanding of clients' challenges is the driving force behind this success. With Alan’s appointment, Howden CAP is well positioned to lead the way in providing cutting-edge balance sheet solutions in Ireland and the wider market,” Howden Ireland CEO Robert Kennedy said.
McNamara's appointment closely follows the recent arrival of Guido Cafaggi, who joined Howden CAP from Lloyds Banking Group, where he served as an associate director in the securitised products group.
Elsewhere for the global insurance group, Howden also recently introduced Howden Climate Parametrics, a global initiative that melds (re)insurance, climate, and data expertise with the division aiming to provide tailored parametric risk transfer solutions.
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