Stephen is a 35-year veteran institutional investor and senior investment management executive. He brings a well-rounded understanding of best practices in investing, along with a proper understanding of governance, risk management, and operations. Mr. Gallant has broad experience in investing, which he acquired both from professional roles and entrepreneurial endeavors.
In his last role, Stephen co-conceived and co-founded Somerset Reinsurance, a reinsurance solutions company designed to provide needed capital relief to the global life insurance market. From inception, Stephen led the launch of the company in Zurich, Switzerland. Mr. Gallant led the early development of the corporate governance structure, the regulatory licensing process, the asset management and risk management processes, and the implementation of the firm’s system architecture. Stephen served on the Board of Directors of Weisshorn Re and was Chief Investment Officer.
Before his entrepreneurial endeavor, Stephen was Head of Rates for ING Investment Management’s Proprietary Fixed Income Group. He served on the firm’s Executive Team, where the firm set investment strategy, made tactical decisions, addressed operational needs, and oversaw risk for the firm’s $80 billion portfolio.
Prior to his executive role at ING, Stephen was responsible for ING’s well-respected CMO-B investment strategy, an interest-rate sensitive mortgage derivative strategy that consistently outperformed the mortgage market. Under Mr. Gallant, the CMO-B investment process was made robust, allowing it to grow to $6.5 billion in assets, making it one of the largest of its kind in the US. Before his career at ING, Stephen spent thirteen years trading in the US fixed income market. Stephen co-founded and co-managed Portage Equity Investments I and II, an early-stage venture capital fund that principally invested in medical device and computer technology companies.
Mr. Gallant is a member of the CFA Institute, where he holds the Chartered Financial Analyst designation. He received a BS in finance from Washington University in St. Louis.