Jackson National Life Insurance Company® (Jackson®)
today announced a change in senior leadership, with the impending
retirement of Thomas J. Meyer, senior vice president and general
counsel. Meyer will be succeeded by Andrew J. Bowden who is presently
serving as director of the U.S. Security and Exchange Commission (SEC)
Office of Compliance Inspections and Examinations.
Meyer has held the position of general counsel for the past 30 years
since joining Jackson in 1985. He was instrumental in the development of
Jackson’s legal and compliance functions supporting Jackson’s
industry-leading variable annuity growth strategy as well as the
governance structure over its North American subsidiaries and
affiliates. He has also been very involved with numerous Lansing area
charitable and community organizations.
“I thank Tom for his leadership and valuable contribution to Jackson’s
success over the past three decades,” said Michael Wells, Jackson’s
president and chief executive officer. “He will be truly missed, and we
wish Tom and his family all the best in retirement.”
Meyer will be succeeded by Andrew (Drew) Bowden who will be leaving the
SEC as director of the Office of Compliance Inspections and Examinations
to assume the role of senior vice president, general counsel at Jackson.
In his role at the SEC, Bowden reported directly to Chair Mary Jo White
and oversaw a team of over 900 managers, professionals and staff who
operate globally out of 12 office locations conducting examinations of
investment advisors, investment companies, broker dealers, exchanges,
self-regulatory organizations, clearing agencies, transfer agents,
municipal advisors, and other registered entities. Prior to his work at
the SEC, Bowden served as executive director, chief operating officer
and general counsel at Legg Mason Capital Management. He holds a
Bachelor of Arts from Loyola University (Baltimore) and a Juris Doctor
from the University of Pennsylvania.
“We are excited to have Drew join our senior management team,” said
James Sopha, Jackson’s chief operating officer. “Drew’s background,
experience and leadership will be invaluable as Jackson continues to
grow its retirement services businesses in North America.”
About Jackson
Jackson is a leading provider of retirement solutions for industry
professionals and their clients. The company offers a diverse range of
products including variable, fixed and fixed index annuities designed
for tax-efficient accumulation and distribution of retirement income for
retail customers, and fixed income products for institutional investors.
Jackson subsidiaries and affiliates provide specialized asset management
and retail brokerage services. With $212.2 billion in IFRS assets*,
Jackson prides itself on product innovation, sound corporate risk
management practices and strategic technology initiatives. Focused on
thought leadership and education, the company develops proprietary
research, industry insights and financial representative training on
retirement planning and alternative investment strategies. Jackson is
also dedicated to corporate social responsibility and supports charities
focused on helping children and seniors in the communities where its
employees live and work. For more information, visit www.jackson.com.
Jackson is the marketing name for Jackson National Life Insurance
Company (Home Office: Lansing, Michigan), Jackson National Life
Insurance Company of New York® (Home Office: Purchase, New
York) and Jackson National Life Distributors LLC.
A variable annuity is a long-term, tax-deferred investment designed for
retirement, involves investment risks and may lose value. Earnings are
taxable as ordinary income when distributed and may be subject to a 10%
additional tax if withdrawn before age 59 ½.
Variable annuities are issued by Jackson National Life Insurance Company
(Home Office: Lansing, Michigan) and in New York by Jackson National
Life Insurance Company of New York (Home Office: Purchase, New York).
Variable annuities are distributed by Jackson National Life Distributors
LLC, member FINRA. May not be available in all states, and state
variations may apply. These products have limitations and restrictions,
including withdrawal charges and excess interest adjustments (interest
rate adjustments in New York) where applicable. Jackson issues other
annuities with similar features, benefits, limitations and charges.
Discuss them with your representative or contact Jackson for more
information.
*Jackson has $212.2 billion in total IFRS assets and $198.7 billion of
IFRS policy liabilities set aside to pay future policyowner benefits (as
of December 31, 2014). International Financial Reporting Standards
(IFRS) is a principles-based set of international accounting standards
for reporting financial information. IFRS is issued by the International
Accounting Standards Board in an effort to increase global comparability
of financial statements and results. IFRS is used by Jackson's parent
company.
Jackson National Life Insurance Company is an indirect subsidiary of
Prudential plc, a company incorporated in England and Wales. Prudential
plc and its affiliated companies constitute one of the world's leading
financial services groups. It has been in existence for over 160 years
and has $773.3 billion in assets under management as of December 31,
2014. Prudential plc is not affiliated in any manner with Prudential
Financial, Inc., a company whose principal place of business is in the
United States of America.
The following cautionary statement is included to make applicable and
take advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 for any forward-looking statements made
by, or on behalf of, the Company. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements
which are other than statements of historical facts. However, as with
any projection or forecast, forward-looking statements are inherently
susceptible to a number of risks and uncertainties and actual results
and events could differ materially from those currently being
anticipated as reflected in such forward-looking statements. There can
be no assurance that management’s expectations, beliefs or projections
will result or be achieved or accomplished.
Copyright Business Wire 2015