Gary Zhu, CFA

Gary Zhu, CFA

Director—Insurance Portfolio Management; Global Head—Multi-Sector Insurance

Gary Zhu is a Senior Vice President and Director of Insurance Portfolio Management, responsible for AB Fixed Income’s insurance business. He joined AB in 2020 and is the Global Head of Multi-Sector Insurance on the Fixed Income team, primarily focusing on developing and implementing multi-sector income portfolio strategies. Under Zhu’s leadership, the Multi-Sector Insurance team was named Investment Team of the Year in 2022 by Insurance Asset Risk. He specializes in formulating and implementing strategic and tactical asset allocation by combining regulatory and accounting considerations with traditional portfolio-management techniques. Zhu has extensive experience in assessing multi-sector relative value and developing income-oriented solutions for clients. He is also a portfolio manager in the US Investment Grade Credit and Sustainable Thematic Credit teams. Previously, Zhu was a senior publishing research analyst and the head of cross-sector research at Wells Fargo Securities. He ranked first for cross-asset strategy in the 2019 Institutional Investor survey and earned the title of Best Cross-Asset Analyst in Global Fixed Income Strategy. Before joining Wells Fargo, Zhu was a senior securitized assets trader and portfolio manager at Genworth, where he co-managed ~$10 billion of fixed-income investments. Prior to his portfolio-management role, Zhu helped manage Genworth’s US and European banking exposures during the 2008 financial crisis, and held various roles across the company’s private placement, commercial mortgage direct loan, investor relations, statutory accounting, and investment financial planning and analysis teams. He holds a BS (summa cum laude) in finance and economics from Virginia Commonwealth University and an executive MBA (with Dean’s Honors) from Columbia Business School. Zhu is a CFA charterholder and holds the Fellow, Life Management Institute designation. Location: New York