Venerable Announces Promotions – Benzinga – Press Release - CayPress

Monday, April 4, 2022

Venerable Announces Promotions – Benzinga – Press Release


WEST CHESTER, Pa., April 4, 2022 /PRNewswire/ — Venerable is pleased to announce the promotions of several leaders within the organization.

Jonathan Summers has been promoted to Senior Vice President, Head of Hedging Strategy and will continue to be responsible for the management of Venerable’s hedge strategy and derivatives trading, along with associated risk monitoring and reporting which protects the company’s capital and enables it to execute on its growth strategy. Summers has a comprehensive range of experience with variable and fixed annuities, as well as retirement plan business, and previously held roles in hedging, risk reporting, financial reporting, product development, and modeling with Voya Financial, ING Group, and Fidelity and Guaranty Life. He is a Fellow of the Society of Actuaries, an Associate of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries. Summers holds a Masters and Bachelor of Arts degree in Mathematics from the University of Rochester.

John Grove, promoted to Vice President, Head of Hedge Reporting, has been with the organization and predecessor companies since 2003, most recently successfully leading the day-to-day hedging operations and robust hedge framework leveraged for critical business decisions. Over the past several years, Grove has held a variety of positions in valuation, hedging, and risk management of fixed and variable annuities with Voya Financial and ING Group. Prior to that, he supported various capital market roles at Capital One Financial. Grove holds a Bachelor of Science in Mathematics degree from The Pennsylvania State University, is a Fellow of the Society of Actuaries, earned a Chartered Financial Analyst® designation, and has a certificate in Quantitative Finance.

Newly named Vice President, Head of Valuation, Dao Jiang has been with Venerable and its predecessor companies since 2016, most recently leading valuation of reserves for all Venerable blocks as well as the…



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