EY hires Barclays deputy head of insurance
EY has hired Dan Broome as a director to launch an additional insurance sector offering within its financial services debt advisory division.
Prior to joining EY, Broome was deputy head of insurance coverage at Barclays Bank.
In his new role, Broome will work alongside executive director Nick Parkhouse, supporting the development of the business and leading the launch of EY’s debt advisory offering in the insurance sector.
Created in September 2015, EY's financial services debt advisory team focuses on supporting financial institutions in raising debt finance across their credit life cycle, including the raising of asset backed growth capital and financing to support acquisitions. It has raised over £1 billion in financing across over 12 transactions since establishment, according to the statement.
Parkhouse commented: "Since the addition of a debt offering to our financial services corporate finance team almost two years ago, we have continued to see increasing demand from clients. Our aim is to become the market leading financial services corporate finance advisor and we are delighted to have someone of Dan's calibre come on board to help us achieve this."
Broome added: "I’m delighted to join EY’s debt advisory team at an exciting time in its growth and development. With a growing range of investors seeking to make capital and liquidity available to the insurance market, I believe independent advice and execution has become increasingly important, particularly as traditional lenders evolve to address regulatory change pressures."
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