Equitable Holdings Welcomes Douglas Dachille to Its Board of Directors

Equitable Holdings, Inc. (NYSE: EQH) has announced the appointment of Douglas Dachille as an independent member of its Board of Directors, a decision that takes effect immediately. This strategic move underscores the company’s commitment to enhancing its governance framework and capitalizing on the expertise of industry leaders to drive its growth and success.

A Career Marked by Excellence and Leadership

Douglas Dachille’s career spans over three decades, during which he has established himself as a luminary in the insurance, banking, and asset management sectors. His profound understanding of capital markets, coupled with his ability to design innovative investment solutions tailored to address insurance liabilities, distinguishes him as a valuable asset to Equitable Holdings.

Joan Lamm-Tennant, Chair of the Equitable Holdings Board of Directors, expressed her enthusiasm regarding Mr. Dachille’s appointment: “On behalf of the Board of Directors, I am delighted to welcome Doug Dachille to Equitable Holdings. His experience leading insurance and asset management organizations will be instrumental as we continue to enhance the company’s value and navigate the evolving industry and macro-economic environment.”

Pioneering Contributions to Industry Stability

Mr. Dachille’s most notable tenure was at American International Group Inc. (AIG), where he served as Chief Investment Officer from 2015 to 2021. During his time at AIG, he oversaw a staggering $350 billion portfolio, playing a pivotal role in stabilizing the organization following the 2008 financial crisis. His efforts were integral to AIG’s financial recovery, showcasing his aptitude for managing complex corporate challenges.

Before joining AIG, Mr. Dachille co-founded First Principles Capital Management, an institutional fixed-income asset management firm. His leadership as Chief Executive Officer established the company as a trusted name in the industry. AIG’s acquisition of First Principles marked a significant milestone in his career, further solidifying his reputation as a strategic visionary.

Mr. Dachille’s earlier roles include serving as President and Chief Operating Officer of Zurich Capital Markets and holding various leadership positions at JPMorgan Chase. At JPMorgan, he was the Global Head of Proprietary Trading and Co-Treasurer, roles that equipped him with a comprehensive perspective on global financial systems.

Strategic Vision for Equitable Holdings

Mark Pearson, President and Chief Executive Officer of Equitable Holdings, highlighted the strategic advantages of having Mr. Dachille on the Board: “Doug brings to us relevant experience across our integrated advice, retirement, and asset management businesses. His unparalleled industry perspective will help guide us as we continue to deliver on our financial commitments, grow our businesses, and create value for our shareholders.”

Mr. Dachille’s expertise aligns seamlessly with Equitable Holdings’ mission to provide innovative financial solutions to its diverse clientele. His experience navigating dynamic market conditions and leading transformative initiatives positions him to contribute significantly to the company’s strategic objectives.

Douglas Dachille Joins Equitable Holdings' Board of Directors

Academic and Professional Achievements

Douglas Dachille’s academic credentials further underscore his qualifications. He earned a Bachelor of Science degree from Union University through a joint program with Albany Medical College. Subsequently, he pursued an MBA from the University of Chicago, where he was named a Pew Scholar, an honor recognizing his exceptional academic and professional promise.

In addition to his professional achievements, Mr. Dachille has served on the boards of prominent organizations. He is currently an independent director on the Board of BridgeBio Pharma, Inc. and previously served on the board of Lyndra Therapeutics®. These roles have provided him with a well-rounded perspective on governance and strategic decision-making across diverse sectors.

About Equitable Holdings

Founded in 1859, Equitable Holdings, Inc. (NYSE: EQH) stands as a leading financial services holding company, comprising three core businesses: Equitable, AllianceBernstein, and Equitable Advisors. The company’s expansive portfolio reflects its commitment to delivering comprehensive financial solutions to a global clientele.

Equitable:

Equitable specializes in retirement and protection strategies tailored to individuals, families, and small businesses. Its legacy of over 165 years positions it as a trusted partner in securing financial futures.

AllianceBernstein:

As a global investment management firm, AllianceBernstein provides diversified investment services to institutional investors, individuals, and private wealth clients. Its innovative approach to asset management aligns with Equitable Holdings’ broader vision.

Equitable Advisors:

With a network of 4,400 duly registered and licensed financial professionals, Equitable Advisors offers expertise in financial planning, wealth management, retirement planning, and risk management. This robust framework enables the company to cater to the evolving needs of its clients.

As of September 30, 2024, Equitable Holdings manages and administers assets totaling $1.0 trillion, reflecting its stature as a financial powerhouse. The company’s commitment to innovation, coupled with its customer-centric approach, has garnered the trust of over 5 million clients worldwide.

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