Tuesday, August 9, 2022

Lincoln Monetary appoints Matthew Grove as Head of Particular person Life & Annuities and Lincoln Monetary Community

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RADNOR, Pa.–()–Lincoln Monetary Group (NYSE:LNC) is happy to announce that Matthew Grove will be part of the corporate in July as Government Vice President, Head of Particular person Life & Annuities and Lincoln Monetary Community. Grove will probably be a member of Lincoln’s Senior Administration Committee and can report back to Ellen Cooper, Lincoln’s CEO-Elect, who will step into the CEO function after the corporate’s annual shareholder assembly this Could.

On this newly created function, Grove will probably be accountable for government management of those areas, aligned with Lincoln’s enterprise strategic path. For the Particular person Life and Annuities companies, this contains oversight of the continued design and manufacturing of Lincoln’s particular person merchandise, in-force administration optimization and making certain best-in-class service. Bringing these companies collectively supplies alternative for Lincoln to additional leverage capabilities, share finest practices and allow larger innovation.

Grove will even oversee Lincoln Monetary Community, the corporate’s retail broker-dealer community of unbiased monetary professionals, the place he will probably be accountable for rising Lincoln’s advisor channels and increasing its managed accounts enterprise. David Berkowitz, Senior Vice President and President of LFN, will report back to Grove.

“We’re thrilled that Matt has determined to hitch Lincoln,” stated Cooper. “He brings broad and deep expertise in all elements of Life Insurance coverage, Annuities and Wealth Administration. His experience will add great worth to those areas of our enterprise and will probably be a profit to the corporate, our shoppers and our shareholders.”

Randy Freitag will proceed in his vital function as Government Vice President and Chief Monetary Officer, reporting to Cooper, with an ongoing deal with sustaining and constructing on Lincoln’s monetary power and managing key relationships with the funding neighborhood and score companies.

Grove has 25 years of monetary providers expertise, together with main life insurance coverage, annuity and wealth administration companies, and overseeing capabilities together with operations, product administration, underwriting, distribution, advertising and marketing and expertise. He joins from Decision Life USA, the place he was President and CEO. Previous to Decision Life, Matt was with New York Life for 11 years, most lately as Co-Chief Working Officer and Government Vice President, serving as a member of the corporate’s Government Administration Committee. Matt is a graduate of the College of Pennsylvania and obtained his Grasp of Enterprise Administration from Columbia College.

About Lincoln Monetary Group:

Lincoln Monetary Group supplies recommendation and options that assist folks take cost of their monetary lives with confidence and optimism. Immediately, greater than 17 million prospects belief our retirement, insurance coverage and wealth safety experience to assist handle their way of life, financial savings and revenue targets, and guard in opposition to long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Monetary Group is the advertising and marketing title for Lincoln Nationwide Company (NYSE:LNC) and its associates. The corporate had $324 billion in end-of-period account values as of December 31, 2021. Lincoln Monetary Group is a dedicated company citizen included on main sustainability indices together with the Dow Jones Sustainability Index North America and FTSE4Good and ranks amongst Newsweek’s Most Accountable Corporations. Devoted to range, fairness and inclusion, we’re included on transparency benchmarking instruments such because the Company Equality Index, the Incapacity Equality Index and the Bloomberg Gender-Equality Index. Dedicated to offering our staff with versatile work preparations, we had been named to FlexJobs’ record of the High 100 Corporations to Look ahead to Distant Jobs in 2022. Study extra at: www.LincolnFinancial.com. Observe us on Fb, Twitter, LinkedIn, and Instagram. Join electronic mail alerts at http://newsroom.lfg.com.

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