Jhaveri will focus on creating structured solutions to transfer risk among insurers, re-insurers, insurance agencies, institutional investors, specialty finance companies, and pension plans. He is based in New York, reporting to Jeff Hammer and Paul Sanabria, Co-Heads of IFA.
Prior to joining Houlihan Lokey, Jhaveri was a Managing Partner at Dahlia Capital, where he provided consulting and advisory services to financial sponsors in the acquisition of secondary credit and insurance assets. He also has held a number of senior roles at Chronos Investment Advisors, JPMorganChase, and Credit Suisse, working on a range of complex credit, commodities, and insurance-related transactions.
'As we continue to build the IFA practice, we seek individuals with deep asset-class knowledge, excellent industry relationships, superior execution skills, and significant buyside experience. Vishal possesses all those qualities in abundance, and we’re extremely excited to have him join the team at Houlihan Lokey', said Sanabria.
Since October 2013, the IFA practice has more than doubled in size, having added four senior officers, including two managing directors, two directors, and several financial analysts and associates. Jhaveri’s appointment expands the practice to more substantially focus on a range of insurance-related transactions, including life settlements, structured settlements, extreme mortality, variable annuities, insurance receivables, pension buy-in, pension buyouts, and pension longevity risk transfers. The group is holding its inaugural Illiquid Financial Assets Conference later this week in New York City.
'The hires and appointments we have made over the past few months demonstrate what we are rapidly establishing at Houlihan Lokey: a single, comprehensive platform for the intermediation of nearly every type of illiquid financial asset, combining expertise in specific verticals with highly experienced transaction execution in the U.S. and Europe', said Hammer. 'We believe this platform accurately reflects the current state of the secondary market and provides both buyers and sellers with a clearly superior alternative', he added.