Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. People moves news
  3. Former State Street exec Schumaker moves to Vesttoo
People moves news

Former State Street exec Schumaker moves to Vesttoo


28 May 2021 Israel
Reporter: Alex Pugh

Generic business image for news article
Image: stock.adobe.com/karl good/EyeEm
Robert Schumaker has joined Israeli risk management firm Vesttoo.

The former State Street and Credit Suisse executive will lead the company’s efforts to provide investors with long-term, sustainable alpha generated by a security-based collateral programme.

As vice president of capital markets, Schumaker will look to build Vesttoo’s $1 billion Insurance-Linked Program (ILP) which provides asset managers and pension schemes the opportunity to earn alpha by pledging securities to support short and mid-term insurance alternative risk transfer transactions.

According to Vesttoo, “investors will benefit from BB spread with AA uncorrelated risk by using existing securities inventory, corporate bonds, government bonds, with a significant global deal pipeline targeting a total AUM of $1B USD within 12 months”.

Vesttoo CEO Yaniv Bertele says: “We are very excited to have Mr. Schumaker on board, and are looking forward to scaling Vesttoo's Insurance-Linked Program with the help of his expertise. The ILP program is an integral part of the company's effort to bridge the funding gap in the reinsurance market, providing sorely needed alternative capital to the reinsurance industry, as well as exceptional return on risk for investors.”
Next people moves article →

Global PSSL expands advisory board
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ State Street

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →