Symetra announced the promotion of Nicholas Mocciolo to chief investment officer, Symetra Financial Corporation. Mr. Mocciolo, interim co-president and senior managing director of Symetra Investment Management (SIM), has responsibility for the day-to-day management of the general account portfolios of Symetra Life Insurance Company and its affiliates. He reports to Tommie Brooks, executive vice president and chief financial officer of Symetra Financial Corporation.
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SIM, a registered investment adviser, currently manages over $88 billion for affiliated Symetra Financial and Sumitomo Life accounts.
Mr. Mocciolo joined Symetra in January 2015 from White Mountains Advisors, LLC, where he led the derivatives sector and participated in Symetra general account portfolio management. Prior to White Mountains, Mr. Mocciolo was senior vice president, senior portfolio manager, derivatives, at Hartford Investment Management Company, where he was responsible for The Hartford’s enterprise-wide derivatives hedging activities.
“Nick has played a critical role in helping lead, manage and expand Symetra’s asset management capabilities, and was instrumental in the launch of SIM in 2019. He brings exceptional talent, investment knowledge, and management experience to his Symetra CIO role,” said Symetra Financial CFO Tommie Brooks. “Nick is also a trusted counselor to Symetra’s parent, Sumitomo Life, and has built a strong relationship with its investment management team over the last five years as SIM has overseen an increasingly larger portion of Sumitomo Life’s U.S.-based investment portfolio.”
Mr. Mocciolo received a bachelor’s degree in mathematics and a master’s degree in applied mathematics from the University of Connecticut and also earned a master’s degree in operations research from Columbia University. He is a Fellow of the Society of Actuaries (FSA) and has earned the Financial Risk Manager (FRM) designation.
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