Gen Re Securities has named Spencer Kelly, head of structured products in Gen Re's New York office, as head of its newly created structured finance group in London. The new group will offer structured life insurance products, according to Kevin Lecocq, managing director and global head of marketing and structuring in London. The new department was set up as part of the ongoing expansion of the firm's structured products group in London (DW, 1/14).
Gen Re is looking to hire five more structured finance professionals, who will report to Kelly, Lecocq said. He added that the firm is also looking to replace Kelly in his former New York position and has already received several resumes.
Kelly moved to London two weeks ago. He reported to Lecocq in New York and keeps that reporting line in London. Kelly was out of the office and could not be reached.
