Stone Ridge Holdings Group announced that former CEO of New York Life, Ted Mathas, has joined as a Senior Advisor to help the company scale new suites of products built for financial advisors and insurance companies. .
With investment risk, inflation risk, and longevity contributing to financial uncertainty, Mathas will also lead Stone Ridge’s efforts to develop and launch new asset management strategies that, through a groundbreaking series of innovations, longevity pooling can be used to provide higher, inflation-protected. , and credit-risk-free payouts compared to traditional fixed income.
As Advisory Chairman of this initiative, he will champion Stone Ridge’s mission to empower financial advisors and, through their clients, fundamental change in retirement, and retirement planning, in America, the Group explained. .
“I am fortunate to be in a position where I can retire from a full-time role and company that I love, but not stop working on the things I love so much with people who share my values and passion ,” said Mathas.
He added: “I am particularly excited to help develop and distribute Stone Ridge’s breakthrough innovation in embedding longevity pooling within asset management strategies.
“By combining my experience with their history and culture of innovation, I believe we can provide revolutionary retirement solutions for financial advisors that will further enhance their clients’ ability to retire with the freedom to move forward.” what they want to do with the people they want. to do it.”
Mathas previously served as Chairman and Chief Executive Officer of New York Life for over 14 years. He successfully led the organization through the Great Recession and Global Pandemic.
Under his leadership, New York Life’s assets under management more than tripled to $760bn and the organization was, and remains, a leading provider of retail life insurance and annuities in America.
Additionally, over the past decade in his role as CEO of New York Life, Mathas has developed a close relationship with Stone Ridge in various capacities, including as an investor and board member, the Group said.
Stone Ridge’s Founder and CEO, Ross Stevens, commented: “Ted’s leadership skills and product expertise are unmatched, but our partnership works because our values and missions are aligned: the relentless pursuit of Financial Security for All.
“Ted and I have worked closely together for many years and I am honored and delighted to have him join Stone Ridge, coaching me and our entire executive team to become better leaders while helping our operating companies to grow.”
