Raman Srivastava
Abdallah Nauphal
Abdallah Nauphal, CEO of Insight Investment Management Ltd., will retire from the firm during the first half of the year, the asset manager announced on Monday. The 20-year veteran of the firm will be succeeded by Raman Srivastava, who had been executive vice president and global CIO at Great-West Lifeco Inc. since 2017.
Srivastava will report to Jose Minaya, global head of BNY Investments and Wealth, the parent firm of Insight Investment.
“I am thrilled to join Insight, a world-class investment firm, and I look forward to working with Abdallah and the executive team, as well as engaging with my new colleagues, clients and their advisers,” Srivastava said in a statement. “Leading such a successful organization into the next exciting phase of its ambitious growth strategy is both an honor and an incredible opportunity.”
According to the announcement, Abdallah is the longest-serving CEO of a large European investment manager. During his tenure, the firm’s assets under management grew to $892 billion from $140 billion.
“It is still hard to imagine leaving a business that has been such a large part of my life for so long and I am exceptionally proud of what we have achieved over the last twenty years,” Abdallah said in a statement. “Having been heavily involved in the process to select a suitable successor over the last year, I know that the business will be in safe hands under Raman’s leadership, and I look forward to watching Insight’s continued success for years to come”
Prior to joining Great-West Lifeco, Srivastava had been deputy CIO and managing director of global fixed income at Standish Mellon Asset Management Co. and a managing director at Putnam Investments. Srivastava earned a degree from the University of Waterloo in Ontario and a master’s degree in finance from the Tepper School of Business at Carnegie Mellon University.
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Tags: Abdallah Nauphal, CEO, Insight Investment, Raman Srivastava