Corey McLaren Joins Abacus Life (ABL) as Managing Director, Capital Markets
Rhea-AI Summary
Abacus Life (NASDAQ: ABL), a leading global alternative asset manager specializing in lifespan-based financial products, has announced the appointment of Corey McLaren as Managing Director, Capital Markets. Based in Boston, McLaren brings nearly two decades of financial services experience, including over 15 years in life settlements.
McLaren's previous roles include Director of Alternative Strategies at Spearhead Capital, where he managed their life settlement investment fund, and Director at FDO Partners, where he helped launch and source policies for three life settlement funds. Abacus CEO Jay Jackson expressed excitement about McLaren's expertise and its potential to drive the company's strategic vision forward.
Positive
- Appointment of experienced industry professional Corey McLaren as Managing Director, Capital Markets
- McLaren brings almost two decades of financial services experience, including 15+ years in life settlements
- Potential for McLaren's expertise to drive Abacus Life's strategic vision forward
Negative
- None.
News Market Reaction
On the day this news was published, ABL gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ORLANDO, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced that Corey McLaren has joined Abacus as Managing Director, Capital Markets.
Based in Boston, Mr. McLaren has almost two decades of experience in financial services, including over fifteen years of business development and management experience directly related to life settlements. Mr. McLaren most recently held the position of Director, Alternative Strategies at Spearhead Capital, where he was responsible for managing the daily operations of Spearhead's life settlement investment fund. Prior to Spearhead, Mr. McLaren was a Director for Cambridge-based hedge fund FDO Partners where he helped launch, and source policies for, the firm's three life settlement investment funds.
“Corey brings a wealth of experience in the industry,” said Jay Jackson, CEO of Abacus Life. “His expertise will be instrumental in driving our strategic vision forward. We are excited to have him as a part of the ABL team.”
“With a proven track record and an ambitious long-term growth strategy, Abacus is well-positioned for future success,” said Mr. McLaren. “I am thrilled to be a part of it.”
About Abacus
Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors.
With more than
Abacus has invested in two new verticals: ABL Wealth, which provides longevity-based wealth management services and investment offerings, and ABL Tech, which offers ground-breaking technology services for pension funds, governments, insurance companies, retirement associations and more that provides advanced real-time data tracking and analysis. With each new channel, we are revolutionizing the future of life insurance.
Contact:
Abacus Life Investor Relations
investors@abacuslife.com
Abacus Life Public Relations
press@abacuslife.com
FAQ
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