ACORE Capital, one of the leading U.S. commercial real estate debt managers, announced recently that Andrew Terry, former Head of Insurance at Schroders, has joined the firm as a Managing Director. In this role, Terry will focus on expanding ACORE’s relationships across the insurance industry. He will report to Michael Romo, Senior Managing Director and Head of Capital Raising.
“Andrew is a unique talent with deep relationships throughout the insurance industry,” said Warren de Haan, CEO of ACORE. “He brings a great track record and intimate understanding of how commercial real estate debt investment strategies provide solutions for insurance companies. We are fortunate to have Andrew on our team, as he will strengthen our position as one of the largest commercial real estate debt managers to U.S. insurance companies.”
Terry joins ACORE from global asset management firm Schroders, where he served as Head of US Insurance. During his eight-year tenure at Schroders, Terry was responsible for growing a multi-billion insurance business and commercial real estate debt platform. He accomplished this by developing an enhanced value proposition to meet the evolving needs of insurers, launching new products and solutions, and diversifying the firm’s client base. Terry will leverage his extensive experience and network to advance ACORE’s partnerships with insurance clients globally.
“ACORE has built a leading commercial real estate business that benefits from a sterling reputation and track record among insurance companies,” said Terry. “Working for a firm that is recognized as one of the leading commercial real estate debt managers to the insurance community provides a unique opportunity to build upon the work and relationships that I have cultivated over the course of my specialized career.”
Prior to Schroders, Terry held capital raising and relationship management positions in the institutional Client Group at AllianceBernstein and the Financial Institutions Group at BlackRock Inc. where he was actively involved in investment solutions for insurance companies. He previously worked as an insurance equity analyst at Macquarie/Fox-Pitt Kelton and as a Consultant for Oliver Wyman. Terry graduated from Hamilton College with a bachelor’s degree in Economics.
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