Manmohan “Manu” Singh has joined Angel Oak Capital Advisors as head of insurance solutions.
Singh, who officially joined the Angel Oak team in July, will spearhead a range of initiatives focused on the insurance industry.
Singh has 16 years of investment banking and strategic advisory experience in the insurance industry, specializing in the life and annuity sector. In his most recent role, he acted as an independent consultant offering strategic advisory services, including to Angel Oak Capital Advisors.
Singh also served as a director for the Insurance Investment Banking team at New York-based Sandler O’Neill & Partners. During his 12-year tenure at Sandler O’Neill, he worked exclusively with insurance companies, advising them on capital raising and M&A-related matters. He has served in a number of key M&A transactions, particularly those involving entry of private equity buyers and alternative asset managers into the life and annuity sector.
“It is an exciting time to be part of Angel Oak, which has been growing rapidly,” Singh says in a release. “It has become a leader in the area of non-QM origination and is widely recognized for its specialized expertise in the structured credit space.
“Having worked with the firm in the past, I have a great understanding of what Angel Oak offers as well as a keen awareness of the range of opportunities that niche asset origination and specialized structuring expertise can provide to insurance companies amidst the ‘lower for longer’ interest rate environment that has and continues to severely depress investment yields and the return on equity for insurance companies,” he adds.
Angel Oak also recently announced the promotion of Randy Chrisman from chief marketing officer to chief marketing and corporate investor relations officer.
As of July 1, Chrisman, who began working for the firm in 2012, began overseeing the integration, development and strategic messaging of the Angel Oak Companies brand. He is also guiding the firm’s investor relations efforts at the corporate level.
Chrisman will bring great value to his new position by leveraging his long-standing successful work experience as well as his productive professional relationships at Angel Oak.