Chi Hum Joins Guy Carpenter's Investment Banking Specialty Practice.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Guy Carpenter & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the leading global risk and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. specialist and part of the Marsh & McLennan Companies (NYSE NYSE See: New York Stock Exchange : MMC See MultiMediaCard and Microsoft Management Console. ), today announced the appointment of Chi Hum to the newly created role of Global Head of Distribution for Insurance-Linked Securities in its Investment Banking Specialty Practice, a division of MMC Securities Corp. He will be responsible for broadening and strengthening the firm's capital markets investor contacts and for the placement of securities and derivatives with investors. Mr. Hum also will assist in the placement of collateralized reinsurance transactions with capital market investors. "Directly accessing the capital markets on behalf of our clients is critical to our success in the rapidly expanding intersection between the insurance and capital markets," said Christopher McGhee, Managing Director and Head of Guy Carpenter's Investment Banking Specialty Practice. "In addition to his wealth of experience, Chi has excellent contacts within the insurance capital markets that will prove invaluable in supporting our endeavors in these areas." Mr. Hum joins Guy Carpenter from Swiss Re Capital Markets, where he led the building of its investor base, first for catastrophe bonds beginning in 1996 and, subsequently, for collateralized debt obligations Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, from 2003 onward. Previously, he worked as a Principal at Zurich Investment Management, one of the Centre Re companies. He has strong expertise in the distribution of structured finance products for insurance and financial services companies, including Chase Manhattan, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company and Mellon. Guy Carpenter & Company, LLC is the world's leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm's full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking*, Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter's Instrat[R] unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm's clients more successful. Guy Carpenter's website address is www.guycarp.com. *Securities or investments, as applicable, are offered in the (i) United States through MMC Securities Corp., a US registered broker-dealer and member NASD/SIPC, and (ii) European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community through MMC Securities Ltd., regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. for the conduct of investment business in the United Kingdom. Reinsurance products are placed through qualified affiliates of Guy Carpenter. MMC Securities Corp. and MMC Securities Ltd. are affiliates of Guy Carpenter. |
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