Catlin hires deputy chief investment officer

by Richard Kilner

Story link: Catlin hires deputy chief investment officer

Property/casualty insurance and reinsurance specialist Catlin Group Limited has announced the appointment of Patrick Wills as deputy chief investment officer.

He leaves behind Montier Partners LLP to join Catlin, and has also occupied a range of senior positions with a number of banks including Deutsche Bank, HSBC, Bear Stearns International and BNP Paribas.

Over 20 years ago he briefly worked for Catlin as an underwriting assistant before embarking upon a career in investment.

Wills, who joins the firm on 5 May to assume his new role, is to be based in London and will collaborate closely with fellow deputy chief investment officer Nylesh Shah.

Wills and Shah will be tasked with the management of almost US$7bn worth of cash and investments.

Catlin is also looking to hire a chief investment officer following the departure of Preben Prebensen who left to become CEO of Close Brothers Bank plc in London.

Because of this both Shah and Wills will, on a temporary basis, report directly to Stephen Catlin, the chief executive of Catlin.