Cooper Gay Restructures Latin American Operations into Regions

London-based broker Cooper Gay announced that it has “restructured its operations in Latin American into four sub regions in order to drive growth and efficiencies in this key market.

“The new sub regions are: Central America (Mexico, Central America and Dominican Republic); Suramerica (Colombia, Ecuador, Bolivia, Venezuela and Peru); Brazil; and Conosud (Chile, Argentina, Paraguay and Uruguay). The regionalized operations will be led by the newly-created Latin Executive Committee (LEC), which will manage at a strategic level while local entities continue to handle the day-to-day management of the business.

“Regional CEO Steve Jackson will continue to lead Cooper Gay in Latin America, with Francisco Martinez as the LEC’s Non-Executive Chairman. He will be supported by Carla Stimolo, who takes the new role of Regional CFO, and Peter Gorman, who has been appointed as Regional COO.”

Cooper Gay also announced that Guillermo Pastore has been appointed CEO of the Conosud sub region, charged with developing the overall business in the area. In addition he has “been specifically tasked with using this specialist experience to generate more treaty business from Cooper Gay’s Chilean facultative reinsurance client base.”

Jackson commented: “The move to a regionalized structure will enable Cooper Gay to quickly capture operating and cost synergies while improving operating effectiveness and controls. More importantly, a regional approach will also significantly enhance Cooper Gay’s long established presence, scale and leverage with clients and markets in Latin America.”

Source: Cooper Gay