International specialty insurer, ACE Global Markets (AGM), has today announced the opening of a new US Political Risk and Credit operation based in Los Angeles. The office will serve the West Coast region and will be is headed by Ray Tizabi as its new Vice President, Trade Credit,
Ray joins AGM from Pinebridge Investments where he was a Vice President in its leveraged loans group. Prior to this, he was West Coast Regional Manager for AIG Global Trade Credit, where he worked for five years. Ray will work closely with AGM’s teams in London, New York and Singapore to support the global business.
The new Los Angeles-based operation will provide enhanced levels of service to existing West Coast clients and enable the firm to generate additional business in a region which offers significant growth potential in the trade credit area.
Julian Edwards, Head of Product Line, Political Risk & Credit at AGM, said: “Ray’s appointment to lead the West Coast operation reinforces our strategic focus to build our capabilities in this region. This development is further evidence of ACE’s commitment to the trade credit market and plans to grow our team and operations globally.”