Insurance holding company Delphi has announced the appointment of Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer.
In his new role, Lebovits will leverage his over 20 years of experience with major investment firms and global investment banks to oversee the financial operations of Delphi and be responsible for strategy and corporate development.
The executive joins Delphi from Pretium Partners, LLC, an alternative investment manager, where he most recently served as a Managing Director in Strategic Development.
Before joining Pretium, he held the position of senior investment banker at Credit Suisse, where he provided advisory services to a diverse range of insurance companies on matters related to their corporate strategies. These services included mergers and acquisitions, as well as capital offerings.
Donald A. Sherman, President and Chief Executive Officer, commented: “Jeff has a breadth of experience and is a tremendous addition to Delphi’s management team, bringing in-depth knowledge of the insurance and asset management industries as well as the capital markets.
“Jeff joins us at a particularly opportune moment, as Delphi’s balance sheet and capital position are at the strongest point in the company’s history. I look forward to working in partnership with Stephan Kiratsous and Jeff to help Delphi grow and expand its businesses.”
Stephan Kiratsous, Executive Vice President and Chief Operating Officer, said: “Jeff’s deep experience in corporate finance and capital markets make him an ideal addition to the executive leadership team.
“His background and expertise will be invaluable as we identify and execute on opportunities in both the asset and liability side of our business while simultaneously evaluate and capitalize on strategic growth initiatives.”
Commenting on his appointment, Lebovitz said: “I’ve followed Delphi for many years and I’m excited to be joining such a talented and accomplished management team.
“Since its inception, Delphi has been at the forefront of pairing insurance liabilities with strategic investment management and capital optimization. I look forward to working with Don and Stephan to build upon Delphi’s success and explore new avenues for growth.”
Delphi is a core subsidiary of Tokio Marine & Nichido Fire Insurance Co., Ltd., which in turn is wholly-owned by Tokio Marine.
