American Equity Names Uzuner as Chief Investment Officer, Asset Management

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) has appointed Tolga Uzuner as the new Chief Investment Officer (CIO) for Asset Management. Uzuner will lead the company's alpha asset strategy and develop its subsidiary asset management firm. He will work alongside co-CIO Jim Hamalainen and CRO Jeff Lorenzen to enhance investment management capabilities. Uzuner brings extensive experience from previous roles at JP Morgan Chase and Apollo Global Management, which will support American Equity's 2.0 investment management strategy.

Positive

• Appointment of Tolga Uzuner as CIO, enhancing leadership in asset management.
• Uzuner's extensive background and track record may strengthen investment strategies.
• Collaboration between co-CIOs could broaden investment management capabilities.

Negative

• None.

American Equity Investment Life Holding Company^® (NYSE: AEL) (American Equity) announced today that Tolga Uzuner will become Chief Investment Officer (CIO), Asset Management, of American Equity. Uzuner will be responsible for executing the company’s alpha asset strategy and building its subsidiary asset management firm.

Uzuner will have a significant role in American Equity’s 2.0 investment management strategy pillar. He will partner with Jim Hamalainen, Chief Investment Officer (CIO) of Insurance and Jeff Lorenzen, Chief Risk Officer (CRO) of AEL. Uzuner and Hamalainen will function as co-CIOs, leading one integrated investment function and partnering to broaden the company’s investment management capabilities and revenue generation sources including through partnerships.

“We look forward to having Tolga join our asset management team with his extensive background and leadership,” Bhalla said. “Tolga comes to us with wide-ranging investment expertise and a distinguished track record of success including in strategies similar to the AEL 2.0 investment management pillar.”

Previous to American Equity, Uzuner served as Managing Director of Investments at JP Morgan Chase, prior to transitioning to Apollo Global Management where he ran and built investment offices in the U.S., Europe and Asia. Most recently, he owned his own firm, Austra Global, providing an outsourced CIO function to new private equity entrants to insurance.

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/20210112005397/en/

FAQ

Who is the new Chief Investment Officer at American Equity (AEL)?

Tolga Uzuner has been appointed as the new Chief Investment Officer for Asset Management at American Equity.

What is Tolga Uzuner's role in American Equity's investment strategy?

Uzuner will execute the company's alpha asset strategy and develop its subsidiary asset management firm.

What previous experience does Tolga Uzuner bring to American Equity (AEL)?

Uzuner has previously worked at JP Morgan Chase and Apollo Global Management, bringing a wealth of investment expertise.

How will Tolga Uzuner's appointment impact American Equity (AEL)?

His leadership is expected to enhance the investment management capabilities and revenue generation of the company.