Wadhwa, a former Prudential Financial executive and Goldman Sachs banker, will join the company as a member of its leadership team, and will oversee the company’s growth and global expansion.
The two will be based in Vesttoo’s New York office and manage the company’s legal and regulatory operations globally, as it expands its operations worldwide.
Dr. Sobti will bring his Wall Street acumen to the insurtech company, allowing Vesttoo to expand its offering to capital market investors and grow its client base in the sector
The VESCOR partnership will offer investors securitized notes rated by a leading rating agency, allowing investors to take on the risk and returns of a group of insurance policies written by hand-selected, diversified insurers and reinsurers, with risk modeling and performance managed by Vesttoo’s advanced AI. Vesttoo will also be carrying the equity layer of these securities through its ILP fund.