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Generali Investments makes hires for new direction

Francesco_MartoranaGenerali Investments has appointed Francesco Martorana as its head of investments, replacing Anna Khazen who is leaving the firm.

Martorana was already with Generali and worked as head of group asset liability management and strategic asset allocation.

The Italian asset manager said Martorana, who joined Generali in November 2013, had been instrumental in developing the firm’s new asset management strategy announced in May.

Based in Milan, Martorana will report to Generali Investments’ CEO Santo Borsellino, and will lead a team of 85 in Paris, Trieste, Cologne and Milan.

Prior to Generali, he held several management positions at Allianz SE and before worked for Deutsche Bank and JPMorgan Chase.

Anna Khazen was in the role for over two years but is leaving the group to pursue other opportunities. Borsellino thanks her for her “great contribution”.

Generali has also appointed Anna Maria Reforgiato Recupero as its head of insurance and liability-driven investments. The role is newly created and results from the new asset management strategy. The strategy has an increased focus on offering “unique end-to-end asset management and advisory services for liability-driven investors such as insurance companies and pension funds”.

Reforgiato Recupero was most recently executive director, investment and saving solutions at Morgan Stanley.

Borsellino, the CEO, said: “These appointments go in the direction of strengthening our competencies in insurance asset management and solutions for liability-driven investors, which will be pivotal for Generali Investments’ future growth strategy.”

Generali Investments, the main asset manager of the Generali Group, has over €452 billion of assets under management.

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