NEW YORK — National Financial Partners Corp. said Monday that it named Douglas Hammond, its current president and chief operating officer, as its new chief executive officer.
Hammond, 47, succeeds Jessica Bibliowicz, the daughter of former Citigroup CEO Sandy Weill, who announced her plans to step down last month. Bibliowicz had served as NFP's CEO since joining the company in 1999 and as chairman since 2003.
The New York-based wealth management services provider is in the process of selling itself to private equity firm Madison Dearborn Partners LLC for about $1.01 billion. That deal, which remains subject to shareholder approval, is expected to close in the third quarter.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
