Peter Tian Appointed Group Treasurer of Equitable Holdings

Rhea-AI Summary

Equitable Holdings (NYSE: EQH) has appointed Peter Tian as Group Treasurer, effective June 3, 2024. Reporting to CFO Robin M. Raju, Tian will join the Operating Committee. His responsibilities include managing banking relationships, capital and liquidity management, and overseeing hedging programs and third-party debt. Tian succeeds Julia Zhang, now Chief Risk Officer. Erik Bass, Head of Investor Relations, will handle ratings agency relationships. Tian, who joined Equitable in 2019, brings over a decade of industry experience, previously leading product and in-force management for Individual Retirement. He holds a degree in Biomedical Engineering from Yale University.

Positive

• Peter Tian appointed Group Treasurer, effective June 3, 2024.
• Tian has over a decade of experience in risk and capital management.
• Tian previously led the largest segment, Individual Retirement, at Equitable.
• Effective capital and liquidity management practices expected under Tian's leadership.
• Tian's prior advisory role at Oliver Wyman brings valuable expertise.
• Erik Bass, Head of Investor Relations, to manage ratings agency relationships.

Negative

• Transition in leadership roles can bring uncertainties and adjustments.
• Potential for disruptions during the management transition period.
• Increased responsibilities for Erik Bass could divert focus from investor relations.

NEW YORK--(BUSINESS WIRE)-- Equitable Holdings, Inc. (the “Company”) (NYSE:EQH), the leading financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, today announced that Peter Tian has been named Group Treasurer, effective June 3, 2024. Tian will report to Robin M. Raju, Chief Financial Officer of Equitable Holdings, and join Equitable’s Operating Committee.

In this role, Tian will manage the Company’s banking relationships and oversee capital and liquidity management and hedging programs as well as third-party debt and funding programs (FABN, FHLB). Tian succeeds Julia Zhang, who was recently named Equitable Holdings Chief Risk Officer. The Company also announced that Erik Bass, Head of Investor Relations, will assume responsibility for ratings agency relationships.

“Peter is a proven leader at Equitable with more than a decade of experience managing risk and capital effectively across different economic cycles, including his most recent role leading pricing and in-force management for Individual Retirement, our largest segment,” said Robin M. Raju. “Combined with his prior experience advising top life insurers, Peter has amassed deep expertise and respect across the industry. He is a valued colleague and asset to Equitable as we deliver on our growth strategy and create value for our stakeholders.”

As the Head of Product and In-Force Management at Equitable, Tian led product development, pricing, new business strategy and in-force optimization for the Individual Retirement segment. He joined Equitable in 2019 as the Deputy Chief Risk Officer, overseeing the Company’s market risk, credit risk and insurance risk management functions. Prior to Equitable, Peter was a Principal at Oliver Wyman, where he advised U.S. and global life insurers on corporate strategy, product design, in-force optimization and capital and liquidity management.

Tian graduated from Yale University summa cum laude with a Bachelor of Science degree in Biomedical Engineering.

About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $974 billion in assets under management and administration (as of 3/31/2024) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has 4,300 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.

Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company (NY, NY).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522632129/en/

Investor Relations

Erik Bass

(212) 314-2476

IR@equitable.com

Media Relations

Sophia Kim

(212) 314-2010

mediarelations@equitable.com

Source: Equitable Holdings, Inc.

FAQ

Who is the new Group Treasurer of Equitable Holdings?

Peter Tian has been appointed as the new Group Treasurer of Equitable Holdings, effective June 3, 2024.

What are the responsibilities of Peter Tian as Group Treasurer?

Peter Tian will manage banking relationships, oversee capital and liquidity management, and handle hedging programs and third-party debt for Equitable Holdings.

When will Peter Tian assume his new role as Group Treasurer?

Peter Tian will assume his role as Group Treasurer on June 3, 2024.

Who did Peter Tian succeed as Group Treasurer of Equitable Holdings?

Peter Tian succeeded Julia Zhang, who was recently named Chief Risk Officer of Equitable Holdings.

What is the stock symbol for Equitable Holdings?

The stock symbol for Equitable Holdings is EQH.

What previous role did Peter Tian hold at Equitable Holdings?

Peter Tian previously led product and in-force management for the Individual Retirement segment at Equitable Holdings.

Who will handle ratings agency relationships at Equitable Holdings?

Erik Bass, Head of Investor Relations, will now assume responsibility for ratings agency relationships at Equitable Holdings.