Sector developments and company hires

Erik Oken has joined MidOcean Partners as chairman of its private equity business, based in New York. He will work directly with the firm’s private equity investment team, with the aim of adding valuable senior insights and oversight to its thematic investment approach. Prior to joining MidOcean, Oken spent over 30 years at JPMorgan, most recently serving as global chair of investment banking.

In other news…

EMEA
London-based Centre for Disaster Protection has appointed Cristina Stefan to the role of lead risk finance adviser. Stefan has expertise in designing alternative risk transfer products - including catastrophe bonds and ILS solutions - and was previously a disaster risk finance specialist at the World Bank, which she joined at the beginning of 2018. Before that, she was head of insurance solutions at Metabiota, having also worked at Vienna Insurance Group, Allianz and BNP Paribas.