Lockton Capital Markets, the unit with an alternative capital and insurance-linked securities focus at the largest independent insurance broker of the same name, has announced the hiring of Richard Pan as Managing Director, an executive with asset management, reinsurance and structuring expertise.
Lockton continues to build out its Capital Markets practice, having recently installed a new CEO for the division in experienced convergence market exec Ken Pierce.
The company has now announced that Pan joins the firm as of June 23rd and will work to support CEO Ken Pierce in growing the structured finance practice, bringing together the insurance and alternative asset management industries to meet important objectives for both sides.
“We are fortunate that Richard is joining the Lockton Capital Markets team,” commented Pierce, CEO, Lockton Capital Markets. “His experience in both the finance and insurance industries will be an asset as LCM expands its structured finance practice to deliver creative solutions for insurance companies, asset managers, and corporate clients.”
Pan worked in investment management at Waterfall Asset Management most recently, working on structuring, negotiating, and managing investments across various sectors, including insurance and reinsurance, litigation finance, transportation, small business, unsecured consumer lending, and residential and commercial mortgages.
Before that, he was lead counsel for the Asset-Backed Products desk at Société Générale. His career began at law firm Mayer Brown LLP, where he focused on insurance and reinsurance, as well as derivatives transactions.
“I look forward to leveraging Lockton’s global platform and working with the team to offer innovative solutions that meet the unique challenges in our field and deliver unrivaled results for Lockton Capital Markets’ partners and clients,” Pan explained.