Symetra Expenditure Management (SIM) Results in being Registered Financial commitment Advisor | Business & Finance

BELLEVUE, Wash.–(Enterprise WIRE)–Apr 15, 2021–

Symetra Money Corporation nowadays introduced that its investment subsidiary, Symetra Investment decision Management Business (SIM), is now a Registered Expenditure Advisor (RIA) with the Securities and Exchange Commission. Introduced in January 2020, SIM will broaden its current relationship with Symetra, carry on to facilitate the means of Symetra’s Japan-dependent father or mother, Sumitomo Daily life Coverage Company, to devote in U.S.-dependent belongings, and begin to go after third-bash institutional shoppers.

“SIM is a essential supporter of the sustainability basic principle in Symetra’s Value, Transparency and Sustainability (VTS) guiding principles, handling $40 billion of Symetra’s property, which are there for our shoppers anytime they will need to access their policy gains. SIM’s RIA designation gives us the prospect to even further reinforce our sustainability guarantee by enhancing our strategic setting up abilities and expenditure administration techniques,” reported Margaret Meister, president and main government officer, Symetra Fiscal Corporation.

Mark E. Hunt, president of SIM and executive vice president and main expenditure officer of Symetra Monetary Company and its insurance plan subsidiaries, directs the firm’s expenditure plan and technique, and oversees Symetra’s approximately $40 billion investment portfolio.

“We see a vibrant, dynamic long term for SIM,” claimed Mr. Hunt. “Becoming an RIA is an critical phase that expresses our determination to excellence and demonstrates our prolonged-phrase target to expand the firm by letting us to open up our doorways to 3rd-get together institutional traders. In the around term, we continue to target on and increase the investment portfolios we handle for Symetra and Sumitomo Existence. The complete group takes great pride in the have faith in Symetra and Sumitomo Lifetime have put in us.”

In addition to Mr. Hunt, the SIM workforce contains Colin Elder, senior controlling director and head of commercial home loan loans Nicholas Mocciolo, senior taking care of director and head of structured bonds and derivatives and Evan Moskovit, senior running director and head of corporate set earnings. SIM’s fixed profits team is primarily based in Farmington, Connecticut, and its business mortgage loan financial loans operation is based mostly in Bellevue, Washington.

Around the system of the very last fourteen months, SIM’s expense and leadership team has developed to involve:

Ken Yang, senior running director and head of high yield, financial institution financial loans and structured solutions, oversees investments in underneath investment decision grade rated corporate credit and structured merchandise. Prior to signing up for SIM in 2020, Mr. Yang was co-head of lender financial loans and a high yield portfolio supervisor for money builder and multi-asset money at Goldman Sachs Asset Management, an asset management subsidiary of Goldman Sachs. At Goldman, he managed CLOs, financial institution loan different accounts and mutual money, U.S. and European large generate bond portfolios. Beforehand, Mr. Yang was an financial commitment banker at Salomon Smith Barney, a subsidiary of Citigroup, where he worked in the expense banking division covering monetary institutions, like insurance policies and asset management organizations.

Yvonne Guajardo, controlling director and head of non-public placements, oversees Symetra’s close to $3 billion private placement portfolio. Ms. Guajardo joined Symetra in March 2020 from MetLife Expenditure Management’s Personal Placement Group, where she was controlling director and head of romance administration. Prior to joining MetLife, Ms. Guajardo spent 25 a long time with Prudential Private Capital most recently as senior vice president taking care of a workforce responsible for internet marketing, originating, structuring and underwriting non-public placement debt investments.

Kevin Sklar, senior handling director and chief fiscal officer, joined SIM in February 2021 and oversees the firm’s funds, investment decision operations and expense reporting. He has more than 24 a long time of financial investment administration market knowledge and was most a short while ago senior vice president and company controller at York Funds Administration, an expense adviser to personal financial investment partnerships and offshore financial commitment cash. Prior to that, he was govt director and head of finance at an financial investment administration subsidiary of Nomura and vice president of finance at a non-public bank subsidiary of Franklin Templeton. Before in his occupation, Mr. Sklar was a senior auditor at Ernst & Youthful. A Licensed General public Accountant, he holds a Chartered World-wide Administration Accountant designation. He acquired an MBA with concentrations in finance and management from New York University’s Stern University of Business enterprise.

Richard Wirth, senior handling director and normal counsel, has more than 38 many years of practical experience in the financial services sector working towards law in the parts of asset management, international fund development, serious estate, coverage, and variable solutions. Mr. Wirth has released a lot of regulation assessment content articles and served as a senior adjunct professor of law at Western New England Faculty of Regulation, wherever he taught insurance policies legislation courses at each the JD and LL.M stages. Prior to becoming a member of SIM in 2020, he served as govt vice president, U.S. Head of Lawful, Regulatory Compliance & General Counsel for Aegon Asset Administration, a subsidiary of Aegon N.V. Mr. Wirth’s qualifications contains division normal counsel with Transamerica and roles of at any time-increasing tasks at The Hartford and The Phoenix.

Robert Herlihy, main compliance officer, joined SIM in January 2021. Given that 2005, he has served as a chief compliance officer for GE Asset Administration, State Avenue International Advisors, and most just lately, Hudson Structured Cash Management. Mr. Herlihy formerly held quite a few finance management roles, serving as treasurer for the GE Mutual Fund family and as an audit manager with PricewaterhouseCoopers LLP, McGladrey LLP, and Condon O’Meara McGinty & Donnelly LLP. Mr. Herlihy is a Accredited General public Accountant.

Symetra Monetary Corporation is a diversified economical expert services organization centered in Bellevue, Washington. In business enterprise given that 1957, Symetra supplies personnel advantages, annuities and existence insurance policies by a countrywide community of profit consultants, financial institutions, and unbiased economical specialists and insurance plan producers. For a lot more data, go to www.symetra.com.

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Supply: Symetra Fiscal Company

PUB: 04/15/2021 01:00 PM/DISC: 04/15/2021 01:01 PM