GCM Grosvenor Hires Tom Hobson to Expand its Insurance Solutions Business

Rhea-AI Summary

GCM Grosvenor (Nasdaq: GCMG) announced the appointment of Tom Hobson as Managing Director in GCM Grosvenor Insurance Solutions. He joins John Morrison, who was hired in June, to enhance the firm's investment capabilities for the insurance sector. Previously, Hobson served as Head of Insurance Solutions at Macquarie Group. This move aims to leverage his expertise to grow the insurance solutions offering, aligning with the firm's strategic objectives. GCM Grosvenor manages approximately $67 billion across diverse investment strategies.

Positive

• Tom Hobson's appointment could bring fresh perspectives and bolster leadership in the insurance solutions division.
• Strengthening the team with experienced professionals like Hobson may enhance GCM Grosvenor's capacity to meet unique industry needs.

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• None.

CHICAGO, Nov. 05, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Tom Hobson has joined the firm as a Managing Director in GCM Grosvenor Insurance Solutions. He joins John Morrison, who was hired in June, as the firm continues to develop its capabilities to meet the insurance industry’s unique investment needs.

Previously, Mr. Hobson was Head of Insurance Solutions at Macquarie Group.

“We are thrilled that Tom has joined the GCM Grosvenor team,” said John Morrison, Managing Director and head of GCM Grosvenor Insurance Solutions. “He has the experience, skills, and relationships to help us grow GCM Grosvenor Insurance Solutions, and he will play a critical role in structuring and delivering the right solutions to meet insurance company objectives.”

GCM Grosvenor Insurance Solutions is a provider of bespoke alternative investment solutions to insurance company balance sheets globally, utilizing a consultative approach to offer both structured and customized alternative asset management solutions. For more information, please visit: www.gcmgrosvenor.com/insurance-solutions/

About GCM Grosvenor

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $67 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.

GCM Grosvenor’s experienced team of over 500 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Los Angeles, Toronto, London, Frankfurt, Tokyo, Hong Kong, and Seoul. For more information, please visit: www.gcmgrosvenor.com.

Source: GCM Grosvenor

Media Contact
Tom Johnson and Will Braun
Abernathy MacGregor
tbj@abmac.com / whb@abmac.com
212-371-5999

GCM Grosvenor Insurance Solutions
insurance@gcmlp.com

FAQ

What is the significance of Tom Hobson joining GCM Grosvenor?

Tom Hobson's appointment as Managing Director is significant as it aims to enhance GCM Grosvenor Insurance Solutions' capabilities, bringing in his experience and relationships to better serve the insurance sector.

When did GCM Grosvenor announce Tom Hobson's appointment?

GCM Grosvenor announced Tom Hobson's appointment on November 5, 2021.

What was Tom Hobson's role before joining GCM Grosvenor?

Before joining GCM Grosvenor, Tom Hobson was Head of Insurance Solutions at Macquarie Group.

How does GCM Grosvenor plan to leverage Tom Hobson's experience?

GCM Grosvenor plans to leverage Tom Hobson's experience to grow its insurance solutions by structuring and delivering tailored investment solutions to meet insurance company objectives.

What is the financial background of GCM Grosvenor?

GCM Grosvenor manages approximately $67 billion in assets across various alternative investment strategies, showing a strong financial foundation.