GoldenTree Asset Management, a global asset management firm overseeing around $53 billion in assets, has appointed Charlie Fuller as Partner and Head of North American Insurance coverage. This newly created role will be based in the firm's New York office, with Fuller reporting to Kathy Sutherland, GoldenTree's CEO. Fuller, with over two decades of experience and extensive industry relationships, joins GoldenTree from Goldman Sachs, where he served as Managing Director and Head of Americas' Institutional Insurance Client Business. He was also a founding member of Goldman Sachs' Insurance Asset Management Business, contributing to its growth into a leading player in the industry.
Steve Tananbaum, GoldenTree’s Founder, Managing Partner and Chief Investment Officer said, “GoldenTree has managed capital for insurance companies for decades. I began managing money at MacKay Shields which is owned by New York Life Insurance when I was 25 years old and enjoyed a very productive career at MacKay for almost a decade. We are pleased to have Charlie join GoldenTree and drive further growth with insurance companies.”
Sutherland also added, "GoldenTree has engaged with insurance companies across our platform for decades as investors - in our product offerings, the CLO debt we have issued, the private placement debt issued at the management company, and as distributors of our fund offerings in insurance products, such as Private Placement Life Insurance (PPLI) and Private Placement Variable Annuity (PPVA). Our relationships with insurance companies are broad based and span decades. As opportunities across the credit markets for insurance companies increase, we are excited to expand and deepen our relationships within the industry. Charlie brings over two decades of expertise in the insurance industry and we are pleased to welcome him to the GoldenTree team."