Equitable Holdings, Inc. (NYSE:EQH) today announced the appointment of Douglas Dachille as an independent member of its Board of Directors, effective immediately.
Mr. Dachille has amassed a distinguished career across three decades with proven expertise in the most strategic matters facing the insurance, banking and asset management industries. This includes leading complex corporate transactions, understanding capital markets and designing innovative investment solutions to meet insurance liabilities.
"On behalf of the Board of Directors, I am delighted to welcome Doug Dachille to Equitable Holdings," said Joan Lamm-Tennant, Chair of the Equitable Holdings Board of Directors. "His experience leading insurance and asset management organizations will be instrumental as we continue to enhance the company's value and navigate the evolving industry and macro-economic environment."
Mr. Dachille served as Chief Investment Officer of American International Group Inc. (AIG) from 2015 until 2021, overseeing a $350 billion portfolio. During this time, he played a critical role stabilizing the company after the financial crisis and its subsequent financial recovery. Mr. Dachille joined AIG when it acquired First Principles Capital Management, an institutional fixed income asset manager, which he co-founded and led as Chief Executive Officer. Prior to co-founding First Principles, he was President and Chief Operating Officer of Zurich Capital Markets. Mr. Dachille began his career at JPMorgan Chase, where he held a variety of leadership roles including Global Head of Proprietary Trading and Co-Treasurer.
"Doug brings to us relevant experience across our integrated advice, retirement and asset management businesses," said Mark Pearson, President and Chief Executive Officer of Equitable Holdings. "His unparalleled industry perspective will help guide us as we continue to deliver on our financial commitments, grow our businesses and create value for our shareholders."
Mr. Dachille currently serves as an independent director of the BridgeBio Pharma, Inc. Board of Directors and previously served on the board of directors for Lyndra Therapeutics®. He earned a Bachelor of Science degree from Union University through a joint program with Albany Medical College, and later earned an MBA from the University of Chicago, where he was named a Pew Scholar.
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 $1.0 trillion in assets under management and administration (as of 9/30/2024) 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 has 4,400 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection, and risk management services to clients across the country.*
* Securities and investment advisory products and services offered through Equitable Advisors, LLC (member FINRA, SIPC), a broker-dealer and SEC-registered investment advisor; insurance and annuities offered through Equitable Network, LLC. Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY).
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