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Generali names new chief investment officer

Generali named Tim Ryan, the former chairman and CEO of London-based AllianceBernstein Ltd., to serve as chief investment officer, effective Jan. 9, 2017.

The appointment comes four days after Nikhil Srinivasan was reported by the Financial Times to be preparing to leave the Italian insurer. Ryan had been an independent adviser since leaving AllianceBernstein, the FT noted Dec. 8.

Srinivasan is leaving to pursue new professional opportunities in investment management, Generali said.

The company also named Marco Sesana country manager for Italy, noting that he will retain his role as CEO of Generali Italia SpA. Both Sesana and Ryan will join Generali's group management committee in January 2017.