GCM Grosvenor Announces Hiring of John Morrison and Creation of GCM Grosvenor Insurance Solutions
June 28 2021 - 9:30AM
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 are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including without limitation, the historical performance
of GCM Grosvenor's funds may not be indicative of GCM Grosvenor's
future results; risks related to redemptions and termination of
engagements; effect of the COVID-19 pandemic on GCM Grosvenor's
business; the variable nature of GCM Grosvenor's revenues;
competition in GCM Grosvenor's industry; effects of government
regulation or compliance failures; market, geopolitical and
economic conditions; identification and availability of suitable
investment opportunities; risks relating to our internal control
over financial reporting; and risks related to the performance of
GCM Grosvenor's investments. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” sections of the Annual Report on Form 10-K/A
filed by GCM Grosvenor Inc. on May 10, 2021 and its other filings
with the U.S. Securities and Exchange Commission. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and GCM Grosvenor assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by law.
Source: GCM Grosvenor
Media ContactTom Johnson and Will
BraunAbernathy MacGregor tbj@abmac.com / whb@abmac.com
212-371-5999
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