Solidum Companions AG, a Swiss unbiased funding supervisor targeted completely on disaster bonds and insurance-linked securities (ILS), has appointed former Vontobel Asset Administration board member Dr. Ulrich Behm as a Associate with accountability for gross sales and advertising for the corporate and its funding methods.
The corporate, which was based in 2004 and remains to be fully-owned by its companions, affords the UCITS compliant Solidum Cat Bond Fund, which is a pure disaster bond targeted funding technique, in addition to its Solidum Occasion Linked Securities funds that broaden the scope of investments to non-public cat bonds and remodeled reinsurance offers.
Solidum Companions is likely one of the oldest ILS funding boutiques based mostly in Switzerland and its flagship fund has existed since 2006 and delivered a USD 5.7% per-annum return since its inception.
Dr. Ulrich Behm joined Solidum Companions AG this month, as a brand new Associate.
He has greater than 1 / 4 of a century of asset administration and monetary markets experience, most of it gained throughout his time working at Vontobel Asset Administration and a profitable track-record in enterprise improvement.
Behm started his profession as a administration advisor at McKinsey, however then moved to Vontobel 5 years later.
At first, Behm held the function of Regional Gross sales Head, Europe at Vontobel Asset Administration and was based mostly in Zurich, Switzerland.
He moved to Hong Kong in 2008 and spent 12 years as Vontobel’s CEO and Regional Gross sales Head for APAC.
In 2022, Behm returned to Zurich and was Regional Gross sales Head Switzerland for Vontbel. He had held a seat on the asset administration board of that firm from 2003 till his departure this yr.
“We’re happy to welcome Ulrich, whose in depth expertise in institutional asset administration and enterprise improvement can be of nice worth to our agency,” Karsten Bromann, Founding Associate Solidum Companions commented.
“I’m very a lot trying ahead to construct our enterprise. Solidum Companions has a robust and one of many longest crew observe data with out PM change of all ILS managers worldwide. Moreover, the asset class has a number of development potential from a provide and demand facet,” Ulrich Behm added.
Posting on LinkedIn, Behm stated, “I’m joyful to share that I joined Solidum Companions AG, a pure play ILS funding boutique, as a companion.
“Constructing our enterprise round an asset class identified for its interesting returns, very engaging diversification potential and ESG credentials is one thing I’m very a lot trying ahead to.”
Solidum founding companion Bromann additionally stated, “Solidum Companions believes, that the market is presently very engaging with Cat Bond spreads over cash market of round 8%. The general development pattern of the market ought to proceed within the coming years. The principle components are that insured belongings in danger uncovered areas are rising whereas on the identical time insurers are compelled by regulators to offer excessive fairness quotas for excessive occasions. As a consequence, these danger are securitized and offered to the ILS market.”
