Prosperity Asset Management (PAM), an insurance-focused asset manager specializing in private and public credit opportunities and origination platforms, strengthened its team with two key hires.
Matthew Petre, former managing director, insurance relationship manager at Invesco, has joined the firm as head of business development responsible for deepening and expanding PAM’s relationships with existing and prospective clients as well as helping to develop insurance solutions that align with clients’ objectives. Cassandra Becker, former director, legal and regulatory at Brookfield Asset Management, has joined the firm as chief compliance officer and senior counsel responsible for overseeing PAM’s compliance program and advising on legal and regulatory matters.
“We are pleased to welcome Matt and Cassie to the PAM team as we continue to deepen our bench with top talent,” Deva Mishra, CEO of PAM, said. “Matt’s strong network of insurance company relationships, years of capital formation and client management experience, and understanding of insurers’ evolving investment needs will be invaluable to PAM as we seek to further grow our client base. Additionally, Cassie’s experience serving in complex legal and compliance functions will benefit PAM as we continue to navigate the ever-evolving regulatory landscape and scale all aspects of our platform. We look forward to their collective contributions to our business and our clients.”
“I am thrilled to join PAM, an asset origination, risk management and capital solutions provider to the insurance industry, at this exciting time in its evolution,” Petre said. “The opportunity to work as part of an innovative and experienced team that has a fresh perspective on insurance capital management is extremely compelling. I look forward to helping the firm forge new client relationships as demand for differentiated credit exposure by insurers continues to increase.”
“I am excited to work alongside my new colleagues as PAM continues to build a robust legal and compliance infrastructure to support its growing business,” Becker said.
