Equitable Holdings Appoints Robin M. Raju Main Financial Officer | Organization & Finance

NEW YORK–(Company WIRE)–Mar 9, 2021–

Equitable Holdings, Inc. ( NYSE:EQH ), the financial expert services keeping firm comprised of Equitable and AllianceBernstein, right now introduced the appointment of Robin M. Raju to Chief Economic Officer, productive April 1, pending acceptance from the Equitable Holdings Board of Administrators. Raju will report to Mark Pearson, President and Chief Executive Officer of Equitable Holdings, and continue on to serve on the company’s Administration Committee.

“Robin has been at the core of our pivotal times as an independent firm, serving to to improve our organization, manage our funds and increase our risk framework. I have each self confidence that, as CFO, Robin will go on to actively condition our group, driving price for our customers and shareholders,” stated Mark Pearson. “At Equitable, we know the choices we make now impression not only our group but also the fiscal effectively-becoming of the tens of millions of Us citizens we proudly serve. Robin’s technical skills, strategic vision and proven track document will enable assure Equitable provides on its claims for generations to occur.”

As the recent Head of Individual Retirement, Raju brings deep marketplace expertise to the position, possessing led the growth of progressive, economically seem remedies which enable clients navigate current market uncertainty and obtain their monetary targets. A 17-year veteran of the company, Raju has held quite a few positions in the finance business, which includes Treasurer of Equitable Holdings and CFO for the company’s retirement, safety and prosperity management companies. In this potential, Raju led the planning for Equitable Holdings’ productive IPO in May well of 2018. He also spearheaded Equitable Holdings’ landmark reinsurance transaction with Venerable which, on closing, will appreciably de-chance the company’s stability sheet, unlock meaningful financial price and accelerate money return for shareholders.

Raju succeeds Anders Malmstrom, who right after nine years with the corporation has made a decision to return to his house region of Switzerland to be nearer to his household. Pearson included, “I would like to thank Anders for his many contributions more than the past ten years. We would not be the sturdy and resilient firm we are today without having his management.” Malmstrom will remain CFO by means of March 31 to guidance the changeover.

The enterprise also declared the adhering to appointments of tenured leaders in the organization, demonstrating its commitment to expertise mobility:

  • Steve Scanlon, latest Head of Team Retirement for Equitable, has been appointed Head of the company’s Particular person Retirement company, which represents c. 60% of Equitable Holdings’ earnings. Equitable* is a foremost variable annuity company i with $117 billion in account worth from 900,000 procedures, giving revenue in retirement and defense for clientele.
  • Jessica Baehr, latest Head of Trader Relations, has been appointed Head of Group Retirement. Equitable is the leading 403(b) retirement system company in the K-12 educators industry by contributions, assets beneath management and participants, proudly serving more than 800,000 educators. ii Equitable also delivers 457 programs for local governments and municipalities, and 401(k) methods for compact and medium-sized businesses. Today, the company is entrusted with additional than $42 billion in account value from one million shoppers.

About Equitable Holdings:

Equitable Holdings, Inc. ( NYSE:EQH ) is a fiscal services keeping business comprised of two complementary and nicely-proven principal franchises, Equitable and AllianceBernstein. Started in 1859, Equitable delivers information, safety and retirement procedures to people today, people and tiny firms. AllianceBernstein is a world investment decision administration business that gives substantial-good quality study and diversified expense services to institutional traders, people today and private wealth clientele in main world marketplaces. Equitable Holdings has about 12,000 workers and economical specialists, $809 billion in belongings below administration (as of 12/31/2020) and far more than five million customer associations globally.

i Protected Retirement Institute U.S. Particular person Annuities Gross sales Survey, Q3 2020

ii LIMRA Not-for-Financial gain Retirement Marketplace Report, Q3 2020

Except if not noted, all quantities referenced are present as of 12/31/2020.

*This reference applies solely to Equitable Economic Lifetime Insurance plan Firm (Equitable Fiscal) (NY, NY), which issues variable annuity products and solutions.

Equitable is the manufacturer title of the retirement and defense subsidiaries of Equitable Holdings, Inc., including Equitable Economical Lifetime Insurance Organization (NY, NY), Equitable Monetary Lifestyle Insurance Organization of The usa, an AZ stock firm with primary administrative headquarters in Jersey Town, NJ, and Equitable Distributors, LLC. Equitable Advisors is the brand name title of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Fiscal Advisors in MI and TN). The 1859 founding reference applies completely to Equitable Economic Existence Insurance plan Organization.

Contact: Investor Relations:

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Source: EQH Trader Relations

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PUB: 03/09/2021 04:15 PM/DISC: 03/09/2021 04:15 PM

Copyright Organization Wire 2021.