Lincoln Financial names Ellen Cooper CEO

Lincoln Financial names Ellen Cooper CEO
Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.
AUG 31, 2021
By  Bloomberg

Lincoln Financial Group, a provider of annuities and retirement products, named Ellen Cooper president and chief executive to succeed Dennis Glass after the 2022 annual meeting in May. 

Cooper, the firm’s chief investment officer, will also join the board next year, the company said Monday in a statement. 

Cooper, 56, joined Lincoln in 2012, and later was named to lead enterprise risk and the annuity-solutions group. She helps oversee more than $300 billion in assets and manages the company’s hedge program, according to the statement. Before joining the firm, Cooper was global head of insurance strategy at Goldman Sachs Group Inc.’s asset management unit. 

“I look forward to leading this organization as we continue our long history of providing Americans products to help them plan, protect and invest to secure their financial future,” Cooper said in the statement.

Glass, 71, has been CEO since 2007, and led Lincoln Financial through the company’s merger with Jefferson Pilot and the acquisition of Liberty Mutual Group Inc.’s benefits business.

Latest News

NASAA moves to let state RIAs use client testimonials, aligning with SEC rule
NASAA moves to let state RIAs use client testimonials, aligning with SEC rule

A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.

Could 401(k) plan participants gain from guided personalization?
Could 401(k) plan participants gain from guided personalization?

Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.

UBS sees a net loss of 111 financial advisors in the Americas during the second quarter
UBS sees a net loss of 111 financial advisors in the Americas during the second quarter

Some in the industry say that more UBS financial advisors this year will be heading for the exits.

JPMorgan reopens fight with fintechs, crypto over fees for customer data
JPMorgan reopens fight with fintechs, crypto over fees for customer data

The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.

The average retiree is facing $173K in health care costs, Fidelity says
The average retiree is facing $173K in health care costs, Fidelity says

Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.