Leadership Transformation at Jackson Financial: Chris Raub Appointed President of Jackson National Life Insurance Company, Steve Binioris Named Chief Risk Officer
In a significant leadership shift aimed at fortifying its long-term strategic direction, Jackson Financial Inc. (NYSE: JXN), a leading provider of retirement solutions and annuities, has announced key executive appointments designed to align with the company’s evolving priorities. Effective April 14, 2025, Chris Raub will step into the role of President of Jackson National Life Insurance Company®, the primary operating subsidiary of Jackson Financial. This move marks a pivotal point in the company’s executive evolution and reinforces its commitment to internal leadership development, innovation, and sustainable growth.
Raub, a seasoned executive with more than 25 years at Jackson, will now be tasked with overseeing all go-to-market functions of the company. His leadership remit encompasses distribution, product development, operations, information technology, and sub-advisor/fund accounting functions. As President, Raub is poised to play a critical role in shaping the future of the company’s core business, driving growth while ensuring that Jackson remains at the forefront of a rapidly changing financial services landscape.
In conjunction with this transition, Jackson also announced that Steve Binioris will succeed Raub as Executive Vice President and Chief Risk Officer (CRO). In this capacity, Binioris will take charge of the company’s comprehensive enterprise risk management strategy, overseeing both financial and operational risk domains. This transition highlights Jackson’s continued focus on prudent risk governance as the company navigates a dynamic and evolving regulatory and economic environment.
Both Raub and Binioris will report directly to Laura Prieskorn, Chief Executive Officer of Jackson Financial Inc. In her remarks on the executive changes, Prieskorn emphasized the significance of strategic succession planning and expressed her confidence in the new leadership structure.
“Chris’s experience, commitment to innovation, and effective leadership skills will be invaluable in this role as we advance our strategic priorities,” said Prieskorn. “I am proud our focus on succession planning has resulted in a smooth transition for Steve to take on his new role. I am confident in the leadership Chris and Steve will provide and look forward to continued collaboration as Jackson delivers value to all stakeholders, ultimately helping more Americans secure their financial futures.”
To ensure continuity in Jackson’s actuarial leadership during this time of transition, Pam Bottles has been appointed interim Chief Actuary while the company initiates a formal search to fill the role previously held by Binioris.
Chris Raub: From Risk Management to Strategic Growth
Chris Raub’s promotion to President of Jackson National Life Insurance Company represents both a culmination of a distinguished career and a new beginning for one of the company’s most experienced executives. Raub brings to his new position a robust blend of institutional knowledge, technical expertise, and leadership acumen, having served in various high-impact roles over the past two decades.
Most recently, Raub served as Executive Vice President and Chief Risk Officer, where he played a central role in guiding Jackson’s enterprise risk framework and ensuring resilience across market cycles. Before that, he served as Senior Managing Director and Head of Insurance Assets at PPM America, Inc. (PPM), an investment management subsidiary of Jackson. In that role, he was responsible for overseeing the life insurance company’s general account, demonstrating his deep understanding of insurance-linked investment strategies.
Prior to joining Jackson, Raub held positions in GE Capital’s Merchant Banking group, Heller Financial’s Corporate Finance group, and Arthur Andersen’s Specialty Consulting group—each of which helped shape his strong financial and analytical foundation. He holds a bachelor’s degree in accounting from Miami University (Ohio) and earned an MBA from Northwestern University, adding a strong academic pedigree to his decades of professional experience.
In a statement reflecting on his new appointment, Raub acknowledged both the challenges and opportunities ahead. “I am honored to take on the role of President, Jackson National Life Insurance Company, as we navigate through this next phase of growth,” said Raub. “Throughout my career, Jackson has consistently evolved to meet the demands of the market with competitive products and unparalleled service, setting a standard within the annuity industry. I look forward to building on that legacy, working with our talented teams across the organization to not only meet the needs of our distribution partners and policyholders, but to exceed their expectations.”
Steve Binioris: Strengthening Risk Governance
Assuming the role of Chief Risk Officer, Steve Binioris brings nearly 25 years of actuarial and financial risk management experience to the position. His longstanding tenure at Jackson has equipped him with an in-depth understanding of the company’s business model, financial systems, and corporate culture.
Binioris joined Jackson in 2001 and has since held several senior positions, including most recently as Senior Vice President and Chief Actuary at Jackson National Life Insurance Company. During his tenure, he has been instrumental in leading the company’s Asset Liability Management (ALM) team, ensuring that investment and liability strategies are aligned with the company’s long-term commitments.
Prior to joining Jackson, Binioris worked at Sun Life Financial and London Life, two major players in the life insurance and financial services industry. He holds a bachelor’s degree in mathematics from the University of Waterloo, is a Fellow in the Society of Actuaries, a member of the American Academy of Actuaries, and a Chartered Financial Analyst (CFA)—a testament to his deep technical knowledge and analytical rigor.
“I’m proud to serve in the role of Chief Risk Officer, building on a nearly 25-year career at Jackson,” commented Binioris. “Our customer-first mentality, strong team collaboration, and disciplined approach to risk management will continue to serve us well as we safeguard the trust of our customers and maintain our position as an industry leader.”
Building the Next Chapter of Growth
This series of leadership changes comes at a time when Jackson Financial is navigating both industry-wide shifts and macroeconomic challenges. The financial services industry, particularly the annuity and retirement planning segment, is experiencing increasing pressure to deliver personalized, digital-first experiences while managing risk in an uncertain interest rate and regulatory environment.
By elevating internal leaders with deep institutional knowledge and proven leadership capabilities, Jackson is signaling to stakeholders its commitment to continuity, accountability, and innovation. The transition also underscores the importance of strategic succession planning as a pillar of long-term corporate stability.
Under the continued leadership of CEO Laura Prieskorn, Jackson appears well-positioned to pursue new growth avenues, capitalize on product innovation, and maintain a sharp focus on risk-adjusted returns. The appointments of Chris Raub and Steve Binioris reflect a deliberate effort to blend continuity with fresh strategic perspective.
As the company enters a new chapter, the reinforced leadership team is expected to focus on enhancing stakeholder value, optimizing operational efficiencies, and advancing the mission of helping Americans achieve financial security through innovative annuity and insurance solutions.
With an expanding product portfolio, a strong distribution network, and a culture rooted in accountability and performance, Jackson Financial is set to continue evolving in step with the needs of its policyholders and partners alike. The appointments of Raub and Binioris represent not just a shift in titles, but a recommitment to the values that have long made Jackson a leader in the retirement services industry.
ABOUT JACKSON
Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.
*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2024. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)
Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).
SAFE HARBOR STATEMENT
The information in this press release contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this release not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,” “can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,” “will,” “expect,” “believe,” “anticipate,” “plan,” “predict,” “remain,” “future,” “confident” and “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance and speak only as of the dates the statements are made. We caution investors that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed, or implied. Factors that could cause actual results to differ materially from those in the forward-looking statements include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 26, 2025, and elsewhere in the Company’s reports filed with the SEC. Except as required by law, Jackson Financial Inc. does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.
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1Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC.
