Today, we announced that Equitable and Corebridge Financial entered into a definitive agreement to combine in an all-stock merger of equals. This combination brings together two highly customer-centric organizations with a shared commitment to helping families retire with confidence. Together, we will form one of the nation’s leading Retirement, Life, Wealth and Asset Management companies. Under Equitable’s trusted name and brand, the combined company will serve more than 12 million customers with $1.5 trillion in assets under administration and management. We are incredibly excited to begin this new chapter, building on our financial strength, deep expertise, and centuries-long track record to create an even stronger, more diversified global platform. Learn more here: https://ow.ly/JNPQ50YzcLh
As always, time will tell if this is a prudent merger. So far, there is much speculation that this is a giant opportunity. Not enough data release to make a decision.
Wowza!
Hope all is well, brother! Let’s catch up next week!
Bad for consumers, even worse for their employees.
Great work on this Kurt
Wow. 😳
Congratulations Kurt Meyers and the Equitable team. Great news!
Congrats!!
Holy smokes! Hoping Equitable doesn’t adopt Corebridge’s offshore new business processing & customer service.