Turner to lead Guardian Life Insurance Company's pe investment initiative

Turner joins Guardian from WestLB Mellon Asset Management, Private Equity Group, where he served as general partner and, most recently, chief executive officer and chief investment officer.

Prior to WestLB Mellon Asset Management, Turner spent 17 years with the State of Michigan Retirement Systems, where he served as a senior portfolio manager and then head of the Alternative Investment Division.

Guardian executive vice president and chief investment officer Thomas Sorell said, 'David's breadth of knowledge and relationships in the investment community will give Guardian a decisive advantage in growing our private equity portfolio. Private equity is an important component of Guardian's long-term asset allocation. As a mutual life insurance company, sound investment strategies and diversification of our portfolio are integral in our efforts to operate in the interests of our policyholders. Gains through strong investment performance and operational efficiencies are passed on to our policyholders in the form of dividends and lower costs for coverage.'

Copyright © 2007 AltAssets