Hiscox appoints group CIO in London

Hiscox has appointed James Millard as the new chief investment officer for the group.

Millard is responsible for overseeing the management of its $6.4 billion of assets, implementing overall investment policy and directing all portfolio management, research, trading and strategy. He is based in London and reports to Aki Hussain, the group chief financial officer.

Millard was previously at Aberdeen Standard Investments where he was co-head of multi-manager strategies, overseeing the management of £27 billion of assets. He has also served as chief investment officer at Skandia Investment Group until its merger with Old Mutual Asset Managers, where he became director of investments and a member of Old Mutual Global Investors’ executive management team.

Hussain praised Millard’s track record of managing large, diverse investment portfolios across multiple asset classes. “His results-oriented approach is in line with the strengths and discipline of our investment team,” he added.