American Equity Names Axel Andre as Chief Financial Officer

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) announced the appointment of Axel André as its new Chief Financial Officer, effective September. CEO Anant Bhalla expressed confidence in André's leadership capabilities as the company aims to enhance its insurance and asset management strategy. André brings extensive experience from Jackson National and AIG, where he held various senior finance roles. He holds a PhD in Physics from Harvard and a Master's from Imperial College in London.

Positive

• Axel André appointed as new CFO, effective September.
• André has a strong background in finance from Jackson National and AIG.
• Leadership change expected to strengthen strategic direction in insurance and asset management.

Negative

• None.

WEST DES MOINES, Iowa--(BUSINESS WIRE)-- American Equity Investment Life Holding Company^® (NYSE: AEL) (American Equity) announced today that Axel André will join the company as its new Chief Financial Officer (CFO) in September.

“I am delighted to welcome Axel to be a part of our executive leadership team. I believe he brings the right combination of intellect, curiosity and proven leadership experiences, to serve as our next CFO as AEL transforms itself into a unique company at the intersection of the insurance and asset management value chain,” said Anant Bhalla, CEO and President of American Equity.

“American Equity is a company on the move,” added Axel André. “I have watched with admiration its track record of success and look forward to building upon it as we execute the company’s transformational strategy.”

Previous to American Equity, André was Executive Vice President and CFO for Jackson National. Prior to that he spent nearly 7 years at AIG. André joined AIG initially as Chief Risk Officer for Individual Retirement, Group Retirement, and Institutional Markets. He was promoted to Chief Financial Officer of Individual Retirement at AIG, where he was responsible for overseeing all aspects of the finance and actuarial value chain for the Individual Retirement business, including asset-liability management, hedging, reporting and capital management. Prior to his time at AIG, André served as a Managing Director on the Global Insurance Strategies team at Goldman Sachs. Andre holds a PhD in Physics from Harvard University and a Masters in Science in Physics from Imperial College in London.

ABOUT AMERICAN EQUITY
American Equity Investment Life Holding Company, through its wholly-owned subsidiaries, is a leading issuer of fixed index annuities through independent agents, banks and broker-dealers. American Equity Investment Life Holding Company, a New York Stock Exchange listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa. For more information, please visit www.american-equity.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831006049/en/

Steven Schwartz | Head of Investor Relations

American Equity Investment Life Holding Company®

515-273-3763 | sschwartz@american-equity.com

Source: American Equity Investment Life Holding Company

FAQ

Who is the new CFO of American Equity Investment Life Holding Company (AEL)?

Axel André has been appointed as the new Chief Financial Officer of American Equity, effective September.

What experience does Axel André bring to AEL?

Axel André previously served as CFO at Jackson National and held senior roles at AIG, enhancing his qualifications for the CFO position.

Why is Axel André's appointment significant for AEL?

His experience in finance is expected to support AEL's transformational strategy in the insurance and asset management sectors.

When will Axel André start his role as CFO at AEL?

Axel André will officially join as CFO in September.

What educational qualifications does Axel André have?

Axel André holds a PhD in Physics from Harvard University and a Master's in Science from Imperial College, London.