A former Goldman Sachs partner who left earlier this year as part of a shake-up of its strats team, has just launched a new venture targeting the books of large insurance companies.
Chris Milner, who was a partner and head of fixed income currencies and commodities sales strats until January this year when he left as part of a big divisional change, has started his own firm called European Insurance Consolidation Group (EICG) in London.
Milner, who also previously ran Goldman’s European pensions and insurance strategy group, launched the firm in May, according to filings on Companies House. He spent 18 years working at Goldman Sachs and was made partner in 2008.
Milner is not alone at his new venture. He has launched the firm with Thomas Vinge Hansen, a former managing director in Goldman Sachs’ European and pensions insurance division. Daniel Aaxman, the founder and CEO at Zurich-based Woodman Asset Management, is also listed as a partner.
Milner didn’t respond to requests for comment on the nature of his new firm, but we understand EICG will be buying up legacy insurance funds. In other words, he’s drawing on his expertise acquired during his previous role at Goldman Sachs.
Milner left GS in January. Since his departure and the retirement of Guy Saidenberg, the former London-based global head of Goldman Sachs’ sales strats and structuring team in February, Goldman has made some major changes to its strats hierarchy.
Ezra Nahum, who was a partner and global head of fixed income currencies and commodities strats is now in charge of sales strats for FICC globally and reports directly into Isabelle Ealet, Pablo Salame and Ashok Varadhan, co-heads of Goldman’s securities division.
Thalia Chryssikou, a London-based partner and head of EMEA interest rates sales, and Stefan Bollinger, a partner who was most recently co-head of EMEA equities sales are now co-head of global sales strats, with Chryssikou focused on FICC and Bollinger taking responsibility for equities.
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