ABN Amro has hired Henry Kus as director of weather and insurance derivatives. The Dutch bank said it had made the appointment in response to "rapidly increasing" investor demand for weather derivatives products.Kus will be responsible for developing convergence products - those that combine the liquidity of trading instruments with the customisation of insurance products - for financial institutions and corporate clients in Europe and the US.
“New corporate governance regulations requiring companies to identify, quantify and manage all forms of risk are fuelling rapid growth in weather derivatives usage,” said Alex Schippers, ABN’s global head of weather and insurance derivatives.
“At the same time, investors seeking non-traditional investment assets are boosting liquidity and providing much-needed extra capacity in this market,” he added.
Kus has more than 15 years' experience in the alternative risk financing markets, having held various posts at AIG and Chubb Financial Solutions.
More on People
Antony Warner retired from the interdealer broker in August last year
Anshu Jain and Juergen Fitschen to leave in June 2015 and May 2016 respectively
Job changes in the derivatives, regulation and risk industry throughout Asia
Broker chief praises “entrepreneurial independence” of small boutiques
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.