Agam Capital Launches AI Technology Hub

Announces opening of Austin Office, led by Co-Founder Chak Raghunathan, to support accelerated investments in pALM analytical ecosystem

Promotes Albert Cecchini to Partner with responsibility for all Risk Functions

TEANECK, N.J. & AUSTIN, Texas & TORONTO--(BUSINESS WIRE)--Agam Capital (“Agam”), an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, today announced the opening of its newest office in Austin, Texas. This latest expansion is being led by Agam Co-Founder Chak Raghunathan, who recently relocated to Austin, and demonstrates Agam’s continued drive to maintain technical leadership as it enhances the capabilities of its unique pALM analytical platform. The accelerated investments in AI are expected to further enhance Agam’s capabilities as a differentiated solutions provider with expanded service offerings and products.

Agam also today announced that it has promoted Albert Cecchini, Chief Risk Officer of Agam and CEO of Agam Canada, to Partner. Mr. Cecchini, who joined Agam in 2020, will remain focused on the continued development of Agam’s enterprise risk functions including managing financial and non-financial risk, model validation, governance and asset-liability management. He has been a key part of Agam’s leadership team and has been instrumental in the establishment and rapid development of Agam’s operations in Toronto which has grown into one of Agam’s largest centers of excellence.

“We are extremely pleased to promote Albert to Partner in recognition of his contributions to the success and progress of Agam,” stated Agam’s Co-Founders Avi Katz and Chak Raghunathan. “Albert has been a big part of our overall development, and we are especially appreciative of his wisdom and experience as a world-class risk professional over the past 25 years.”

“I am extremely grateful for the promotion and honored to be part of such a tremendous organization,” said Mr. Cecchini. “The accomplishments we have achieved since inception are unparalleled, and I am very excited about Agam’s continued evolution and future growth.”

Mr. Cecchini joined Agam from the Bank of Montreal where he led the market risk oversight and independent valuation functions for the entire wholesale bank. Prior to that, Albert held a similar role at Toronto Dominion Bank. Mr. Cecchini earned his Bachelor of Commerce and Master of Arts in Economics degrees from the University of Toronto and is a Chartered Financial Analyst.

About Agam Capital

Agam was founded in 2016 by Avi Katz and Chak Raghunathan with the vision to create a cutting edge differentiated analytical platform. The execution towards this vision continued with the development of pALM, Agam’s proprietary asset and liability management (ALM) system. Offering the only end-to-end enterprise-wide risk and capital analytical solutions, Agam empowers strategic decision makers towards their capital optimization goals. With a fully embedded dynamic strategic asset allocation (SAA) and enterprise risk management (ERM) framework, pALM supports Agam’s ability to offer one stop, turnkey insurance solutions.

Agam’s team of experts have a global reach with offices in the USA, Canada, Bermuda, and India as well as operations in the Cayman Islands. In addition, Agam ISAC Bermuda which offers a comprehensive suite of operational, management and governance services to Bermuda based reinsurers is fully licensed as a Class E insurer by the Bermuda Monetary Authority (BMA).