21 January 2014News

Pratten joins Canopius as chief investment officer

Michael Pratten joins Canopius as chief investment officer (CIO), a newly created role within the Group. He will be responsible for overseeing the Group’s investment and asset management.

Pratten joins from Coal Pension Trustees Services Ltd, where he was responsible for the design and development of the infrastructure and asset strategy for pension funds totalling over £25 billion. He also spent a decade with Equitas Ltd as investment strategist and chief investment officer, where he developed an outsourced global investment infrastructure.

Paul Cooper, group chief financial officer at Canopius, says: “this is an important appointment for Canopius, reflecting the growing size of our funds under management, which now exceed £1.5 billion. Michael’s first class track record and wealth of experience will strengthen our investment management capabilities and enable us to execute more proactive oversight of our investment funds.”

Pratten himself says, “I am delighted to be joining Canopius at an exciting point in its history. Whilst the organisation’s primary focus is underwriting, investment return is an important component of overall performance and I am looking forward to contributing to its future success as it commences the next chapter of its ambitious growth plans.”