Life settlement provider Abacus Life has hired Elena Plesco as Chief Capital Officer.
Plesco will oversee capital management initiatives, ensuring optimisation of Abacusu2019 financial structure and facilitating global expansion through strategic investments.
Plesco is based in New York and has over a decade of investing experience in the financial services and assets sectors.
u00a0Plesco is joining Abacus from KKR, where she served as the Co-Head of Specialty Finance, within the asset-based finance business, focused on debt and equity investments in consumer and esoteric finance companies.
u201cWeu2019re thrilled to welcome Elena to the Abacus team as we continue to broaden our financial and business scope,u201d said Abacus Chief Executive Officer Jay Jackson.
u201cElena brings a wealth of investing and financing experience across several different asset classes, which complements our ongoing goal of further enhancing our investment management services. We are looking forward to having her help maximise returns for our shareholders.u201d
u201cI am truly energised to embark on this journey with Abacus,u201d added Plesco.
u00a0u201cHaving known the management team for over five years, I am impressed with what they have been able to build. I look forward to leveraging our collective expertise to drive forward the ambitious long-term growth strategy of Abacus as a global financial player.u201d