Patrick Wills set to join from hedge fund advisory company

Catlin Group has announced that Patrick Wills will join Catlin on 5 May 2009 as Deputy Chief Investment Officer. He will be based in Catlin’s London office.

At Catlin Patrick Wills will work alongside Nylesh Shah, who also holds the title of Deputy Chief Investment Officer, responsible for managing cash and investments of nearly $7bn.

Catlin is currently in the process of recruiting a Chief Investment Officer as Preben Prebensen, who had held that position since 2007, resigned in February to become Chief Executive Officer of Close Brothers Bank plc in London. Nylesh Shah and Patrick Wills will report to Chief Executive Stephen Catlin in the interim.

Patrick Wills will be joining Catlin from Montier Partners LLP in London, a firm that provides advice relating to hedge fund portfolios. As a Partner at Montier his responsibilities included portfolio construction, risk management and hedging. Previously he held a variety of senior positions at Deutsche Bank, HSBC, Bear Stearns International and BNP Paribas. Before beginning his investment career, he worked at Catlin from 1987-88 as an underwriting assistant.

Stephen Catlin, Chief Executive of Catlin Group plc, said: “I am delighted to welcome Paddy Wills on his return to Catlin. The events of 2008 have underscored the importance of investment management to insurers and reinsurers. Paddy has wide experience with some of the world s major financial institutions, and the combined talents of Nylesh and Paddy will provide Catlin with a strong and multi-skilled investment management team.

Patrick Wills said: “I am pleased to be rejoining Catlin, albeit in a much different role than the one I left 20 years ago. Catlin has grown spectacularly during the past two decades, and I am looking forward to working at such a well-respected company.”