NEW YORK–(BUSINESS WIRE)–Bayview Asset Management, LLC, a global investment management firm with a 30-year history investing in mortgage and consumer credit, today announced it has hired Craig T. Schorr, CFA, CAIA, CFP as a Managing Director in its recently formed Insurance Asset Management division. Schorr is joining Bayview from AllianceBernstein (AB) where he was most recently the Global Insurance Practice Leader and the Head of North American Insurance.
“We are delighted to welcome Craig to Bayview,” said Nancy Mueller Handal, Head of Bayview’s Insurance Asset Management division. “He brings an impressive combination of skills relevant to all facets of the business we are building, is aligned with Bayview’s client and service focused culture, and has deep experience as a trusted advisor and business leader.”
“As the insurance industry continues to expand, Bayview is uniquely positioned across the residential and consumer credit markets to help serve insurers’ growing needs,” Schorr said. “I’m excited to join the Bayview team and look forward to deepening our already extensive relationships, growing the firm’s distinctive capabilities and investment offerings, and better supporting insurers across product structuring, portfolio management and analytics/reporting in this dynamic sector.”
Prior to joining Bayview, Schorr spent over two decades in leadership, client advisory, and analyst roles at AB, most recently playing a key role in accelerating the build out of AB’s global insurance team. Previously, he was a management consultant with Boston Consulting Group and AlixPartners in Boston, New York, and Zürich. Schorr served as a submarine officer in the US Navy, retired from the Navy Reserve as a Captain, and is a decorated combat veteran. He holds a BS in economics (finance) and a BS in systems science and engineering (summa cum laude) from the M&T program at the University of Pennsylvania, and an MBA from the Stanford Graduate School of Business, where he was an Arjay Miller scholar. He is a CFA charter holder, Chartered Alternative Investment Analyst (CAIA), and a Certified Financial Planner (CFP®) professional.
Bayview’s Insurance Asset Management division provides a Residential Whole Loan turnkey solution for insurers, buying and managing residential mortgage loans on their behalf while leveraging the highly scaled broader Bayview platform to source, price, diligence, pledge, and oversee the loans. Bayview’s breadth of experience with mortgage and consumer credit products allows it to assist insurers in constructing portfolios in specific asset-backed and residential loan sectors with credit and convexity profiles that are well suited for their risk tolerance and liabilities.
About Bayview Asset Management
Bayview is a global investment management firm with approximately $17.3 billion in assets under management as of March 31, 2024. The firm is focused on investments in residential, commercial, and consumer credit, including whole loans, asset backed securities, mortgage servicing rights, and other credit-related assets. For additional information, visit Bayview’s website at https://www.bayview.com.
