Key Takeaways
- • Lisa Longino, Corebridge Financial's CIO since 2023, has been appointed CIO of the combined Equitable-Corebridge company, where she will lead investment strategy for the approximately $366 billion general account.
- • The merged company will manage more than $1.5 trillion in AUM and AUA and serve more than 12 million customers across retirement, life, wealth and asset management businesses.
- • Equitable Holdings and Corebridge Financial announced the full leadership team on Tuesday, with Mark Pearson serving as CEO of Equitable and executive chair of the new company.
- • The all-stock merger, announced March 26, is expected to close by the end of 2026, subject to shareholder and regulatory approvals.
Summary
Equitable Holdings Inc. and Corebridge Financial Inc. announced their post-merger leadership team on Tuesday, including the appointment of Lisa Longino as chief investment officer. Longino has served as Corebridge's CIO since 2023 and will assume the role at the new company, which will operate under the Equitable name, upon completion of the merger announced on March 26. She will lead investment strategy for the company's approximately $366 billion general account, according to the announcement as reported by AI-CIO.
Prior to joining Corebridge, Longino was head of global investment strategy at Prudential Financial, following more than 22 years at MetLife. She also served as an assistant portfolio manager at Independent Life. Publisher materials describe her as having experience dynamically managing portfolios across economic cycles.
The combined company will have more than 12 million customers across retirement, life, wealth and asset management businesses and $1.5 trillion in AUM and AUA. Corebridge had more than $380 billion in AUM and AUA, and Equitable had $1.1 trillion as of March 31.
Seth Bernstein will continue as CEO of AllianceBernstein, the combined company's global asset management business, and Onur Erzan, appointed AllianceBernstein president in January, will continue in that role. Other leaders named include John Byrne (individual distribution, including annuities and life insurance), David Ditillo (chief information technology officer), Jeffrey Hurd (chief operating officer and chief human resources officer), David Karr (wealth management), Polly Klane (general counsel and chief legal officer), Bryan Pinsky (individual retirement and life insurance), Steve Scanlon (group retirement and employee benefits), and Julia Zhang (chief risk officer).
Mark Pearson, Equitable's president and CEO, will serve as executive chair of the new company. In a statement, he said the combined organizations must focus on culture as well as capabilities, and that the leadership team is committed to building a new culture drawing on the strengths of both firms. The all-stock merger is expected to close by the end of 2026, subject to shareholder and regulatory approvals.
Prior to joining Corebridge, Longino was head of global investment strategy at Prudential Financial, following more than 22 years at MetLife. She also served as an assistant portfolio manager at Independent Life. Publisher materials describe her as having experience dynamically managing portfolios across economic cycles.
The combined company will have more than 12 million customers across retirement, life, wealth and asset management businesses and $1.5 trillion in AUM and AUA. Corebridge had more than $380 billion in AUM and AUA, and Equitable had $1.1 trillion as of March 31.
Seth Bernstein will continue as CEO of AllianceBernstein, the combined company's global asset management business, and Onur Erzan, appointed AllianceBernstein president in January, will continue in that role. Other leaders named include John Byrne (individual distribution, including annuities and life insurance), David Ditillo (chief information technology officer), Jeffrey Hurd (chief operating officer and chief human resources officer), David Karr (wealth management), Polly Klane (general counsel and chief legal officer), Bryan Pinsky (individual retirement and life insurance), Steve Scanlon (group retirement and employee benefits), and Julia Zhang (chief risk officer).
Mark Pearson, Equitable's president and CEO, will serve as executive chair of the new company. In a statement, he said the combined organizations must focus on culture as well as capabilities, and that the leadership team is committed to building a new culture drawing on the strengths of both firms. The all-stock merger is expected to close by the end of 2026, subject to shareholder and regulatory approvals.
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