NEW YORK–(Enterprise WIRE)–Mar 9, 2021–
Equitable Holdings, Inc. ( NYSE:EQH ), the monetary solutions holding enterprise comprised of Equitable and AllianceBernstein, right now declared the appointment of Robin M. Raju to Chief Money Officer, productive April 1, pending approval from the Equitable Holdings Board of Administrators. Raju will report to Mark Pearson, President and Main Government Officer of Equitable Holdings, and keep on to provide on the company’s Administration Committee.
“Robin has been at the core of our pivotal times as an impartial firm, assisting to develop our small business, regulate our capital and improve our threat framework. I have each individual self confidence that, as CFO, Robin will continue to actively condition our business, driving benefit for our customers and shareholders,” said Mark Pearson. “At Equitable, we know the selections we make these days impact not only our organization but also the money nicely-being of the tens of millions of Us residents we proudly provide. Robin’s specialized skills, strategic eyesight and demonstrated monitor file will assistance make certain Equitable delivers on its claims for generations to arrive.”
As the present Head of Personal Retirement, Raju delivers deep marketplace knowledge to the function, owning led the growth of ground breaking, economically sound alternatives which assist clientele navigate market place uncertainty and achieve their money targets. A 17-calendar year veteran of the firm, Raju has held various positions in the finance business, together with Treasurer of Equitable Holdings and CFO for the company’s retirement, protection and prosperity management organizations. In this capability, Raju led the preparing for Equitable Holdings’ effective IPO in May well of 2018. He also spearheaded Equitable Holdings’ landmark reinsurance transaction with Venerable which, upon closing, will considerably de-threat the company’s stability sheet, unlock meaningful economic value and speed up cash return for shareholders.
Raju succeeds Anders Malmstrom, who after nine decades with the firm has resolved to return to his home nation of Switzerland to be closer to his relatives. Pearson additional, “I would like to thank Anders for his numerous contributions around the past ten years. We would not be the potent and resilient business we are right now without having his leadership.” Malmstrom will continue to be CFO via March 31 to assistance the changeover.
The corporation also declared the subsequent appointments of tenured leaders in the corporation, demonstrating its determination to expertise mobility:
- Steve Scanlon, existing Head of Group Retirement for Equitable, has been appointed Head of the company’s Unique Retirement company, which represents c. 60% of Equitable Holdings’ earnings. Equitable* is a primary variable annuity service provider i with $117 billion in account benefit from 900,000 guidelines, furnishing profits in retirement and security for purchasers.
- Jessica Baehr, present Head of Trader Relations, has been appointed Head of Team Retirement. Equitable is the leading 403(b) retirement system service provider in the K-12 educators industry by contributions, assets less than administration and individuals, proudly serving far more than 800,000 educators. ii Equitable also delivers 457 designs for community governments and municipalities, and 401(k) answers for small and medium-sized companies. Now, the organization is entrusted with additional than $42 billion in account value from one particular million customers.
About Equitable Holdings:
Equitable Holdings, Inc. ( NYSE:EQH ) is a money services holding business comprised of two complementary and nicely-established principal franchises, Equitable and AllianceBernstein. Launched in 1859, Equitable supplies advice, defense and retirement methods to folks, households and tiny organizations. AllianceBernstein is a worldwide investment management organization that offers significant-high quality research and diversified financial commitment products and services to institutional buyers, individuals and non-public prosperity purchasers in major entire world markets. Equitable Holdings has roughly 12,000 workers and economic professionals, $809 billion in belongings below management (as of 12/31/2020) and a lot more than 5 million consumer associations globally.
i Protected Retirement Institute U.S. Person Annuities Product sales Survey, Q3 2020
ii LIMRA Not-for-Revenue Retirement Marketplace Report, Q3 2020
Unless of course normally pointed out, all figures referenced are current as of 12/31/2020.
*This reference applies exclusively to Equitable Money Life Insurance policies Business (Equitable Money) (NY, NY), which challenges variable annuity merchandise.
Equitable is the model identify of the retirement and security subsidiaries of Equitable Holdings, Inc., together with Equitable Money Daily life Insurance plan Corporation (NY, NY), Equitable Monetary Daily life Insurance Business of The united states, an AZ inventory enterprise with main administrative headquarters in Jersey Town, NJ, and Equitable Distributors, LLC. Equitable Advisors is the brand name identify of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI and TN). The 1859 founding reference applies exclusively to Equitable Fiscal Lifestyle Insurance policies Business.
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Source: EQH Investor Relations
Copyright Organization Wire 2021.
PUB: 03/09/2021 04:15 PM/DISC: 03/09/2021 04:15 PM
Copyright Company Wire 2021.
