Twelve Capital hires three execs

Twelve Capital, the investment management firm with a strong focus on insurance-linked securities, has strengthened its London office with three new hires.

Marcus Rivaldi joined Twelve Capital in May 2015 and has over twenty years of experience as an insurance analyst.

For the six years prior to joining Twelve Capital, Rivaldi served as an executive director with Morgan Stanley in London.

William Hardcastle, a former vice president at Bank of America Merrill Lynch in London, joined Twelve Capital in June. Whilst at Bank of America Merrill Lynch, Hardcastle was a member of the firm’s insurance equity research team, leading the non-life insurance product.

Ulrich Beck also joined Twelve Capital in June and is responsible for sourcing within the firm’s insurance private debt team. He previously worked for KPMG’s corporate finance team in Frankfurt.

Urs Ramseier, chairman and chief information officer of Twelve Capital, said: “We are truly excited to have Marcus, William and Ulrich joining the firm. Marcus and William’s deep experience in the insurance market and their research-based quantitative and qualitative skills, together with Ulrich’s extensive knowledge of the insurance industry, will further enhance our ability to serve clients across the firm’s insurance debt and ILS portfolios.

“The addition of these individuals to our team will deepen and strengthen the firm’s analytics capabilities and result in more diverse investment sourcing opportunities for our clients. We are delighted to welcome them to the firm.”