Mike Bubnis Email & Phone Number

Greater Chicago Area

MANAGING DIRECTOR, INVESTMENTS (2024-present)INVESTMENTS, PORTFOLIO MANAGEMENT II (2022-2023)Direct/execute investment strategy, tactics, and reporting for fixed income, derivative, and liquidity initiatives. INVESTMENTS, PORTFOLIO MANAGEMENT I (2019-22)Manage fixed indexed annuity (FIA) hedge strategy partnering with asset liability management (ALM) team..

Montpelier, Vermont, United States

• HEAD OF INSURANCE INVESTMENT SOLUTIONS, OFFICE OF THE CIO (2018-19)Partnered with ALM, capital management, life and annuity, and product development teams to create investment solutions. Chair of Derivatives Strategy.
• Negotiated third-party reinsurance investment guidelines, materially reducing expected loss risk.
• Created review process and delivered recommendations on investment indices for new product offerings.HEAD OF INVESTMENT STRATEGY (2017-18)Led investment strategy for portfolio management/quantitative research teams..
• Coordinated with capital management/investment teams to enable COLI alternative investment strategy.MANAGING DIRECTOR, FIXED INCOME, HEAD OF GENERAL ACCOUNT (GA) PORTFOLIO MANAGEMENT(2016-17)Directed GA portfolio.
• Led strategic asset allocation (SAA) and investment guideline enhancements during $2B+ portfolio repositioning.
• Developed external asset manager due diligence framework in selecting firm’s first GA third-party managers.

Chesterfield, Missouri, United States

• VICE PRESIDENT, SENIOR PORTFOLIO MANAGER II, US PORTFOLIO MANAGEMENTResponsible for management and oversight of $25B in-force portfolios including internal and external managers, client relationship management, and the.
• Negotiated investment and hedge aspects of $5.4B acquisition of John Hancock annuity block as part of M&A team and managed the portfolio repositioning to successfully meet our return on capital and ALM goals.
• Developed and communicated asset allocation and hedge approach for $3.5B Swiss Re block acquisition.
• Created US portfolio management team career path/job description details, partnering with Human Resources.
• Introduced tactical use of fixed income exchange-traded funds across portfolios.Previously responsible for managing $7B of fixed income portfolios and providing pricing, asset allocation, and investment guideline.

• ALLSTATE INVESTMENTS, LLC
  (1) PORTFOLIO MANAGER/TRADER, DERIVATIVES
  Managed equity structured note (ESN) book - responsible for managing/trading equity indexed annuity (EIA) book on P&L basis - for equity index.
• Improved trend of edge capture: 47% & 54% in 1st two years vs. 87% & 85% in next 2 years for EIA book. Produced +351 basis points vs. benchmark annual return always for ESN book.
  
• Proposed before GF Crisis reducing ESN volatility exposure via shift to hedge FoF exposure.
  
• Directed across functional areas forward strategy during Credit Crisis.
  
• Outsourced Allstate’s equity portfolios to 3rd party managers, rebalanced during/after transition & created performance tracking.
  
• Framed strategic options for equity rebalancing. Recommended US equity rebalance, developed foreign/emerging market portfolios to new benchmarks, assisted in $1.5B equity exposure reduction.
  (2) SENIOR QUANT.

Master Of Business Administration - Mba, Accounting And Finance, 3.82/4.0

Activities and Societies: Received Wall Street Journal Award for Excellence in Finance.

Bachelor Of Science - Bs, Finance And Computer Science, 3.72/4.0