As director of asset management, Karl is accountable for the investment management business across our Group’s acquired life insurance companies globally, and is responsible for strategic asset allocation, portfolio strategy and design, asset-liability management, investment risk management, investment operations, and M&A investment advisory.
Between 2013 and 2017, Karl was a member of our US leadership team, serving as head of the Resolution Life Inc investment management business, based in New York. During this period, Karl established and built front-office (portfolio management, investment strategy, asset-liability strategy), middle- and back-office operations (investment accounting, investment risk reporting, pricing, compliance, custody, and data management). He was also chair of our US investment, credit, and asset-liability management committees.
Karl developed the strategic partnership business model for the Resolution Group, integrating multiple strategic partners with access to public fixed income, privately placed debt, commercial mortgage loans, and other total return strategies.
Prior to his move to the US, Karl was head of capital management and asset-liability management for Resolution Operations LLP in the UK.
Before joining Resolution Group, Karl was a director in the insurance solutions and financing group at UBS Investment Bank.
Earlier in his career, Karl spent seven years as a senior member of the insurance practice of Oliver Wyman, working in Europe, the United States and Asia.
Karl began his career at KPMG in the pensions practice. He is a Fellow of the UK Institute of Actuaries.