Global asset manager Allspring Global Investments has announced the appointment of Andrew Epsom as head of international insurance, based in London.
In this newly created role, Epsom will lead Allspring’s international (ex-U.S.) insurance strategy, aiming to expand the company’s presence in the global insurance market.
The executive will also be responsible for driving strategic engagements focused on the specific regulatory and investment needs of insurance companies.
Allspring said Epsom has more than 25 years of experience in the asset management and advisory industries and its in-depth knowledge of the insurance industry will be an asset to the company.
He will be responsible for cultivating new relationships and working with international teams to expand Allspring’s existing footprint in this area.
Epson will report to Catherine McLaughlin, Head of UK, Ireland and Netherlands, who said: “I am delighted to welcome Andrew to Allspring to lead our international insurance business.
“We have strong investment products in fixed income and equity markets that are well suited to the needs of our insurance clients. By adding Andrew’s proven expertise to the team, I am confident he will continue to grow our insurance business, bring the best of Allspring to our clients and work with them to achieve their unique goals.”
The insurance industry is poised for continued growth, driven by defined benefit plans’ increasing shift toward buyout arrangements, a trend that holds huge promise for insurers and asset managers.
The company noted that Allspring is committed to cultivating stronger relationships and delivering tailored solutions in this fast-growing market, with Andrew’s recent appointment underlining the company’s commitment.
Epsom commented: “Allspring has built a sizeable base of existing insurance customers through its highly regarded implementation capabilities combined with its solutions focus.
“The latter is particularly important for the insurance industry given the varying regulatory environments and insurers’ customized asset liability and capital management needs. I’m excited to join the effort to leverage these capabilities and further grow Allspring’s global insurance business.”
