Twelve Capital has appointed Andrew Townend as a partner and Bruno Müller as chief operating officer, strengthening its risk analysis capabilities and operations management.
Townend joins from Swiss Re where he managed credit risk in structured reinsurance contracts with clients world-wide. His main responsibilities at Twelve Capital will be credit assessment of companies issuing bonds with potential for inclusion in the insurance bond funds and portfolio management of those funds.
Prior to joining Swiss Re in 2007, Townend spent four years at JP Morgan working on credit analysis supporting derivatives transactions with counterparties in the EMEA region, and later three years with Credit Agricole CIB as Senior Credit Officer for insurance counterparties in the UK and Nordic region.
Müller joins from Clariden Leu, where he was responsible for product finance and controlling within asset management. Prior to joining Clariden Leu, Müeller spent 12 years at Credit Suisse Asset Management where he held various positions along the entire value chain of asset management, and later three years at Bank Leu as head of product management. His main responsibilities at Twelve Capital will be finance and operations.
Urs Ramseier (pictured), chairman of Twelve Capital, says: “We are delighted that Andrew and Bruno have chosen to join us. Andrew brings with him many years of specialist experience in credit risk analysis for the insurance market and Bruno adds great strength to our finance and operations function, further enhancing the quality of the service we offer our clients. With the addition of these professionals to our team we substantially augment our credit risk analysis capabilities and further develop our operations infrastructure, leaving us well positioned to continue our current strong growth well into the future.”