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GCM Grosvenor Announces Hiring of John Morrison and Creation of GCM Grosvenor Insurance Solutions
CHICAGO, June 28, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today
About this update from Gcm Grosvenor Inc.
[{"type":"text","content":"CHICAGO, June 28, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today that it will form GCM Grosvenor Insurance Solutions to provide alternative investment solutions to insurance company balance sheets globally. In addition, the firm announced that John Morrison will join to become head of GCM Grosvenor Insurance Solutions. John brings over 20 years of experience in financial services and as a strategic advisor to insurance clients, most recently as a Managing Director at Kohlberg Kravis Roberts & Co. where he was co-head of KKR’s insurance company business development and solutions efforts. Previously, he was a Vice President in Insurance Asset Management with Pacific Investment Management Company (PIMCO). “We believe we can provide significant value by tailoring our expertise across the alternatives spectrum to meet the unique needs of insurance capital,” said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. “We are excited for John’s deep experience and leadership to help us best serve insurers.” About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $65 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 approximately 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, Tokyo, Hong Kong, and Seoul. For more information, please visit: www.gcmgrosvenor.com. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that a...