Frontier Advisors, an Australian independent investment consultant, has announced the hiring of Joe Clark, who was most recently an insurance-linked securities (ILS) portfolio manager for the Queensland Investment Corporation (QIC).
Frontier Advisors provides consultancy to institutional investors who collectively manage more than $410 billion in assets, across numerous asset classes.
Reinsurance and insurance-linked securities (ILS) are a widely accepted asset class among Australian institutional investors, with a number of the large superannuation funds and other investors already allocating to ILS funds and strategies.
Joe Clark joins Frontier Advisors to assist in the firms Alternatives and Derivatives research team.
His background in modelling and analytics for insurance and reinsurance linked investments, as well as a focus on other alternative asset classes including liquid investments, is expected to help the company as it looks to grow its business and client base.
Clark is relocating to Melbourne, Australia to join Frontier Advisors, after having spent the last nine years with QIC, most recently as Senior Portfolio Manager in the Global Multi-Asset Team, with an ILS asset class focus.
Before he joined QIC, Clark worked in the Fixed Income and Global Tactical Asset Allocation teams at Suncorp Investment Management and also lectured in Economics at University of Queensland.
Frontier Advisors Head of Alternatives and Derivatives research, Michael Sommers, commented on the hire, “We have observed Joe closely over a number of years, given his work in QIC’s options overlay capability and alternative risk premia strategy. We’ve been impressed with both his expertise and his client servicing. He is extremely well-credentialled and his experience as a tutor and lecturer has honed his ability to communicate both with our clients, and with other more junior members of our team.”
Clark’s involvement in insurance linked securities (ILS) has included ILS fund manager and investment research, across both catastrophe and mortality risks.
Frontier expects this will beneficial for its clients, especially its “non-super” client group which is now approaching half of the firm’s client base.
Clark joins Frontier Advisors on April 14th as a Senior Consultant.