Vesttoo nabs Goldman Sachs banker for CFO role
Insurtech Vesttoo, a global alternative risk transfer and investment platform, has hired a former Prudential Financial executive and Goldman Sachs banker for the role of chief financial officer (CFO).
Gaurav Wadhwa will join the company as a member of its leadership team and oversee its growth and global expansion. He will build a global finance organisation responsible for financial reporting, accounting, tax, treasury, financial planning and analysis, as well as investor relations.
Wadhwa has over 15 years of experience in financial services, insurance and capital markets. Over the past decade, he held several global leadership roles at Prudential Financial, including CFO of Asia (ex-Japan) and head of US finance & analytics. Previously, he worked at Goldman Sachs in investment banking, advising companies and boards in M&A and capital markets transactions across different verticals including insurance, banks, asset management, and financial technology.
Vesttoo operates an AI-based risk transfer marketplace, providing investors with access to insurance-linked assets in various financial instruments. Insurers benefit from increased capacity from capital market investors, opening up reinsurance options for underserved parts of the market. Earlier this year, Vesttoo announced that it intends to scale its deal flow significantly in 2022, providing more investment options for investors, along with risk transfer solutions for insurers.
“Gaurav is uniquely suited to spearhead Vesttoo’s finances,” said the company’s CEO and founder Yaniv Bertele (pictured). “His experience and professional achievements speak volumes. He has a global mindset and an ability to lead complex financial processes. With Vesttoo's rapid business expansion, we couldn't ask for a better addition to our team.”
Wadhwa commented: “[ Vesttoo's] pursuit to bridge the insurance and capital markets couldn't come at a better time. I am excited to support the Company in executing its strategic plan and accelerating its growth.”
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