NEW YORK – Equitable Holdings, Inc. (NYSE:), a leading financial services holding company, has announced the appointment of Julia Zhang as its new Chief Risk Officer, effective April 1. The announcement comes as part of the company’s ongoing efforts to strengthen its leadership team and enhance its strategic growth initiatives.
Zhang, who currently serves as Treasurer for Equitable Holdings, will succeed Aaron Sarfatti, the outgoing Chief Risk Officer, and report directly to Mark Pearson, President and CEO of Equitable Holdings. Her role will involve overseeing the enterprise risk management function and contributing to the company’s growth strategy. Zhang’s extensive experience includes the establishment of key financial strategies and programs within the company, as well as a strong track record in managing capital and liquidity.
In addition to Zhang’s appointment, Aaron Sarfatti will retain his position on the Management Committee as Chief Strategy Officer and assume an expanded role as Head of Institutional Businesses and New Ventures. Sarfatti’s new responsibilities will focus on identifying new revenue sources and managing the company’s institutional growth markets.
Equitable Holdings, founded in 1859, encompasses the Equitable and AllianceBernstein (NYSE:) brands, offering a range of financial services, including advice, protection, and retirement strategies to a diverse client base. As of December 31, 2023, the company boasts $930 billion in assets under management and administration, with a global presence supported by approximately 12,000 employees and financial professionals.
These leadership changes are part of Equitable Holdings’ strategic plan to continue delivering value to its stakeholders and maintaining its position in the financial services industry.
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