Schroders announces senior leadership transition within its Schroder Secquaero business

Schroders today announces that Stephan Ruoff has succeeded Dirk Lohmann as Head of Schroder Secquaero, a leading insurance-linked securities (ILS) business within Schroder Investment Management Switzerland) AG.

Stephan who was appointed Deputy Head of Schroder Secquaero as Dirk’s designated successor in November 2019 has assumed the new role this month, as planned.  He brings long-standing and extensive underwriting and senior management experience.  As the former CEO of Tokio Millennium Re, which acted as a service provider for a large number of ILS managers, he has broad and deep knowledge of the alternative capital market for reinsurance.

Dirk, a co-founder of Secquaero Advisors AG, the predecessor of Schroder Secquaero, will remain with the organisation as Chairman of the Schroder Secquaero business, a newly-created position. In this capacity, Dirk will continue to provide his extensive market intelligence and expertise to the team, serve as a member of the investment committee and continue to mentor the Schroder Secquaero management team. In addition, he will focus on developing new business opportunites and strategic ventures.

Additionally, Flavio Matter, Senior Underwriter Non-life, was promoted last month to Head of Origination to lead the now combined underwriting and transaction management teams. Flavio joined Secquaero Advisors AG in October 2014 and has over 15 years of natural catastrophe modelling and reinsurance underwriting experience.

Earlier this summer, Mark Gibson joined Schroder Secquaero as ILS Solutions Manager, based in London. Mark will act as a lead coordinator across new product development, expanding existing products and supporting the wider Schroders sales activities, whilst representing ILS in Schroders’ London headquarters. Mark has over three decades of insurance and capital market experience. Most recently, he was Alternative Capital Director at Neon Underwriting, where he was also a member of the Executive Committee.

Georg Wunderlin, Global Head of Private Assets said:

“Under Dirk’s leadership Schroder Secquaero has grown to become a market leader in insurance-linked investment markets. It is a key priority of our strategy to continue to build out our market position in this space. With Dirk as Chairman and Stephan as Head of Schroder Secquaero we can pride ourselves on a leadership team which boasts unique experience in the ILS marketplace. I wish them the best of luck for their new positions.”

 Dirk Lohmann, Chairman of Schroder Secquaero said:

“I wish Stephan all the best as my successor. I am confident that he will take Schroder Secquaero to the next level as we develop new insurance-linked investment solutions and products for our client base. I look forward to my new role as Chairman and supporting Stephan and the team going forward.”

Stephan Ruoff, Head of Schroder Secquaero said:

“I am very pleased with the opportunity to assume the role as Head of Schroder Secquero and I am very thankful to Dirk for his leadership and guidance in the last few months, as well as his continued support for the organisation. I am also convinced that with the changes we have implemented we are well prepared for the next stage of growth.”

 

For further information, please contact:

Alice West, Senior Corporate Communications Manager Schroders Switzerland

alice.west@schroders.com / +41 (0)44 250 12 26

 

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About Schroder Secquaero

Schroder Secquaero is part of the Schroders Private Assets and Alternatives business, focusing on insurance-linked investment strategies. In 2013, Schroders acquired 30% of Secquaero Advisers AG and entered into a partnership to serve institutional clients’ growing interest for Insurance Linked Securities (ILS). In July 2019, Schroders announced it had reinforced its Private Assets business by increasing its stake to 100%. The ILS team, managing around CHF 2.36 billion assets as per end of July 2020, consists of 25 professionals from leading (re-)insurers, actuarial consulting firms and investment managers with jointly over 400 years of relevant actuarial, modelling, underwriting and investment experience. On 20 June 2019, Schroders won “Manager of the Year” at the 2019 Trading Risk Awards in recognition for the strong operational processes within the Schroder Secquaero team and the performance of its ILS strategies.

The Schroders Private Assets and Alternatives business, a strategic growth area for the firm, manages CHF 53 billion* in assets, including private equity, hedge funds, infrastructure finance, insurance-linked securities, commodities, real estate, impact investing and securitised credit.

*as at 30 June 2020

  

Schroders plc

Schroders is a global investment manager with more than 216 years’ experience of helping our clients meet their goals, fulfil their ambitions, and prepare for the future. Schroders currently manages CHF 615.7 billion* and employs over 5,000 people in 35 countries. 
 
Schroders is listed on the London Stock Exchange and is a member of the FTSE 100. It also remains in part a family business, with almost half of voting shares held by the Schroder family. Independence and long-term thinking are central to our business philosophy – values reflected in our steady ownership structure.
 
At home in Switzerland for over half a century – here we have three businesses; each with its own emphasis, all with the same clear focus on meeting clients’ needs and adapting to a changing world: 

  • Schroder Investment Management (Switzerland) AG is our core Swiss asset management business. It offers institutional and private investors a wide range of Swiss-domestic and foreign-domiciled funds, along with bespoke investment mandates.
  • Schroder & Co Bank AG provides bespoke Wealth Management services to private individuals, family offices, external asset managers and charities.
  • Schroder Adveq is a leading private equity asset manager serving institutional investors, namely pension funds, insurance companies and others throughout the world.

Our combined Swiss team consists of over 500 people. Together they are responsible for a total of CHF 85.6 billion.**
 
Find out more about Schroders at www.schroders.ch
 
*as at 30 June 2020

** as at 31 December 2020

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