– USA, NY – Third Point Investors Limited (LON: TPOU) announced the appointments of Josh Targoff and Luana Majdalani to its Board as Non-Executive Directors alongside Gary Dombowsky as CEO.
About Gary Dombowsky
Gary Dombowsky has been a resident of the Cayman Islands for 30 years, working in the banking, reinsurance, and insurance sectors. Mr. Dombowsky began his career in corporate credit with RBC Financial Group in locations across Canada and the Caribbean, before assuming executive-level positions with (re)insurance companies in the Cayman Islands, the US, and Bermuda. Together with Knighthead Capital Management, LLC, Mr. Dombowsky co-founded Knighthead and served as CEO from its inception in 2014 to June 30, 2023. Under Mr. Dombowsky’s leadership, Knighthead developed a highly successful, diversified origination model and became a leader in the direct offshore annuities market, with approximately 70 per cent. Marketshare. In addition, Knighthead entered the flow reinsurance business in 2017 and, before his departure, signed a purchase agreement for a US life insurance company as part of an expansion strategy to sell annuities in the US. Together with his colleagues, Mr. Dombowsky drove Knighthead’s development to reach annual new business volume of over $1 billion, approximately $5 billion of assets, and $600 million of available capital, implemented comprehensive enterprise risk management and operational practices, and achieved A category ratings from multiple rating agencies.
Mr. Dombowsky previously served as co-founder and Chairman of the Cayman International Reinsurance Companies Association, the industry group formed to promote the reinsurance industry in the Cayman Islands.
About Josh Targoff
Josh Targoff joined Third Point in 2008, where he currently serves as President. Before joining Third Point, Mr. Targoff was the General Counsel of the Investment Banking Division of Jefferies & Company, Inc. from 2003 to 2008. Before joining Jefferies & Company, Inc., Mr. Targoff spent seven years doing Mergers and Acquisitions transactional work at Debevoise & Plimpton LLP from 1996 to 2003. Mr. Targoff earned a J.D. from Yale Law School and a B.A. from Brown University.
About Luana Majdalani
Luana Majdalani joined Third Point in 2021 and is currently a Principal, focused on Public Equity investing in the Financial sector. Ms. Majdalani also led several business development opportunities at Third Point, including the recent acquisition of Birch Grove, a diversified alternative credit fund manager. Before joining Third Point, Ms. Majdalani was a Private Equity Associate at Blackstone. She holds an MSc. in Financial Mathematics from Princeton University and a BSc. in Economics from the University College of London.
For more information: https://www.thirdpointlimited.com/
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