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

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Grove brings deep experience in life insurance coverage, annuities, monetary recommendation and managed accounts to the newly created management function

RADNOR, Pa., April 29, 2022–(BUSINESS WIRE)–Lincoln Monetary Group (NYSE:LNC) is happy to announce that Matthew Grove will be a part of the corporate in July as Govt Vice President, Head of Particular person Life & Annuities and Lincoln Monetary Community. Grove can 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 Might.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/house/20220429005409/en/

Lincoln Monetary Group has appointed Matthew Grove as Head of Particular person Life & Annuities and Lincoln Monetary Community (Picture: Enterprise Wire)

On this newly created function, Grove can be chargeable for government management of those areas, aligned with Lincoln’s enterprise strategic course. For the Particular person Life and Annuities companies, this consists of oversight of the continued design and manufacturing of Lincoln’s particular person merchandise, in-force administration optimization and guaranteeing best-in-class service. Bringing these companies collectively gives alternative for Lincoln to additional leverage capabilities, share finest practices and allow higher innovation.

Grove will even oversee Lincoln Monetary Community, the corporate’s retail broker-dealer community of impartial monetary professionals, the place he can be chargeable 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,” mentioned Cooper. “He brings broad and deep expertise in all points of Life Insurance coverage, Annuities and Wealth Administration. His experience will add great worth to those areas of our enterprise and can be a profit to the corporate, our shoppers and our shareholders.”

Randy Freitag will proceed in his important function as Govt Vice President and Chief Monetary Officer, reporting to Cooper, with an ongoing concentrate on sustaining and constructing on Lincoln’s monetary power and managing key relationships with the funding neighborhood and ranking businesses.

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 just lately as Co-Chief Working Officer and Govt Vice President, serving as a member of the corporate’s Govt Administration Committee. Matt is a graduate of the College of Pennsylvania and acquired his Grasp of Enterprise Administration from Columbia College.

About Lincoln Monetary Group:

Lincoln Monetary Group gives recommendation and options that assist individuals take cost of their monetary lives with confidence and optimism. At this time, greater than 17 million clients belief our retirement, insurance coverage and wealth safety experience to assist tackle their way of life, financial savings and earnings objectives, 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 have been named to FlexJobs’ listing 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.

View supply model on businesswire.com: https://www.businesswire.com/information/house/20220429005409/en/

Contacts

Media Contact:
Amy Ponticello
Lincoln Monetary Group
484-269-7151
amy.ponticello@lfg.com





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