WEST CHESTER, Pa., June 16, 2021 /PRNewswire/ — Venerable is happy to welcome two newly appointed leaders to the firm’s Finance and Threat organizations.
Wei Kiat Teo, Vice President and Head of Cash Management based mostly in West Chester, PA, joins Venerable from Prudential Economical, getting served in quite a few actuarial roles and most just lately on a Corporate Enhancement team targeted on mergers and acquisitions, both domestic and internationally. Teo will be dependable for overseeing the resolve of the benefit of investor’s equity into Venerable parent enterprise, enhancement of corporate design projection forecasts, examining and strategizing capital deployment, analyzing strategic initiatives, and checking encounter and assumption setting for decide on policyholder actions assumptions.
Teo has extensive working experience in modeling and assumptions and earlier supported the variable annuity business that Venerable obtained as a end result of the transaction with Voya Economical, Inc. that shut in 2018. He is a graduate with a initially-class honor in Actuarial Science from the University of Kent at Canterbury, Uk.
Dave Wiland, EVP and Chief Money Officer observed “We are thrilled to welcome Wei Kiat to our business and appear ahead to the impact that he will have on our Money Administration team and company. His extensive practical experience and prior know-how of our block of small business will directly support Venerable’s advancement strategy and placement us properly for long term transactions.”
Gil Chua has been appointed as Head of Chance Management Method for Venerable Holdings, Inc. and will husband or wife with numerous teams across Venerable’s functioning organization to align the company’s threat management solution by acquiring expenditure portfolio targets, optimizing portfolios and the liability hedge program, and supporting liquidity management actions.
Chua joins Venerable from Goldman Sachs exactly where he was a Vice President and Portfolio Manager in the Multi-Asset Class team and earlier held roles in fascination charge solutions quantitative method and curiosity price goods investing. He is a graduate of the College of Pennsylvania, graduating summa cum laude with a B.S. in Economics with concentrations in Finance and Accounting, and a B.A.S. in Systems Engineering with a small in Mathematics. Chua will be based mostly in West Chester, PA.
“Gil is a proficient skilled and we are thrilled to have him be a part of Venerable in the course of a time wherever our group remains centered on supporting an aggressive expansion approach.”, explained Charles Schwartz, Chief Hazard Officer for Venerable Holdings, Inc. “His practical experience in the threat administration room will advantage a number of teams inside of our functioning firm and positively effects conclusion producing within just our government team and investor team.”
About Venerable
Venerable is a privately held firm with company operations primarily based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity organization obtained from other entities. Developed by an investor team led by affiliate marketers of Apollo International Management, LLC, Crestview Companions, Reverence Cash Companions, and Athene Holdings, Ltd., Venerable is a business with properly-recognized, strategic investors, professional in properly setting up and expanding insurance policy organizations with affected individual, lengthy-term cash. For far more details, you should go to www.venerable.com.
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