Optimum Financial Group has acquired Hillswick Asset Management in a move that will diversify its asset management activities in the US and enhance its captive insurance offering.
The merger confirms Optimum’s commitment to develop asset management globally.
Hillswick has transferred $815 million to Optimum, designed to cover pension funds, insurance companies and investment platforms.
The agreement includes the acquisition of both Hillswick’s assets and team.
In a statement, Optimum said: “By incorporating Optimum’s insurance expertise and quantitative edge to our tailored macro-economic approach, we are confident this combination will enhance the asset management services we offer to the captive insurance industry”.
Optimum’s president and CEO, Anabelle Blondeau, added: “I would like to welcome the Hillswick team who share our values of expertise, rigour and client proximity.”
“This expansion present a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.”