He makes the change from one other reinsurer
Sompo has introduced the appointment of Thomas Leone (pictured) as its new chief funding officer, taking on the function vacated by Mark Silverstein, who has retired after greater than 18 years with the agency.
Sompo chief monetary officer Nicolas Burnet expressed his pleasure at welcoming Leone to the corporate.
“The mixture of his technical experience, strategic imaginative and prescient and robust management expertise makes him the right match for this function. I’m assured Tom will additional advance our funding technique to make sure the continued monetary success of our group,” stated Burnet.
He additionally took the time to thank Silverstein for his efforts through the years.
“Mark is forsaking an distinctive legacy and I want to thank him for his excellent management and plenty of contributions that constructed a market-leading investments operate for Sompo,” stated Burnet.
“I’m very happy that his journey with our group doesn’t finish right here. As a substitute, it transitions into a brand new part the place Mark has agreed to steer Sompo’s philanthropic efforts.”
Who’s Thomas Leone?
Previous to becoming a member of Sompo, Leone spent 11 years with PartnerRe in varied roles reminiscent of portfolio supervisor and head of public fastened revenue, with the latest one being chief funding officer.
His in depth profession additionally included experiences with Genworth Monetary as derivatives venture supervisor, derivatives analyst, and derivatives dealer, asset legal responsibility administration in addition to with Constancy Investments as senior software program engineer and senior venture supervisor.
Leone acquired his bachelor’s diploma in finance and laptop data programs at Bryant College and his grasp’s diploma in administration from Rensselaer Polytechnic Institute.
In his new function with Sompo, he’ll report back to Burnet and shall be based mostly in its workplace in Buy, New York.
Leone’s appointment will take impact on October 1, 2024.
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