This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings.
A summary of these new hires follows here.
Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines
Guy Carpenter, the reinsurance brokerage business of Marsh McLennan, announced the appointment of Richard Hakes as global head of Marine, Energy and Technical Lines (METL).
Hakes has joined the Global Specialities leadership team and reports to James Boyce, CEO Global Specialties.
In his new role, Hakes is responsible for leading the global METL team of nearly 100 colleagues. He will drive the continued success of the METL platform, delivering deep analytics and risk transfer solutions for Guy Carpenter’s METL client base around the world.
Hakes brings a wealth of experience to the role with more than 20 years in the industry,13 of which have been with Guy Carpenter. He previously led Guy Carpenter’s International Marine business, successfully developing the client offering to be a market leading marine and energy platform.
Alongside Hakes, the METL Leadership Team is composed of Simon Liley (deputy global head of METL), Brian Stroop (global specialties leader for North America and head of US – METL), and Nick Jay (chairman of METL).
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Moody’s Names Aquino as Global Co-Head of Insurance
Antonello Aquino has been appointed global co-head of Insurance at Moody’s Ratings and will also oversee the Global Funds and Asset Management team.
Aquino will lead the insurance business in the U.S. and EMEA regions where Moody’s rates well over 700 insurers, alongside Sally Yim, who will continue in her current role of global co-head of Insurance for APAC.
This appointment reflects the significant growth in importance and reputation of Moody’s Rating Insurance and Funds and Asset Management franchises, especially within the expanding private credit market. Moody’s said such structural changes help the company effectively navigate the evolution, complexities, and convergence in these industries.
Fund Finance is important to Moody’s Ratings as it enables the consistent evaluation of increasingly complex fund structures—such as NAV-based loans, feeder funds, BDCs, and multi-asset credit vehicles—through established methodologies that promote transparency and comparability.
As lending shifts from traditional banks to alternative capital sources such as pension funds and insurers, Moody’s said its credit ratings and assessment of fund manager quality play a crucial role in helping investors understand credit risks, support broader market access for fund finance transactions, and foster confidence in this rapidly growing asset class.
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