Venerable Announces General Counsel for Planned Investment Advisor

WEST CHESTER, Pa.--(BUSINESS WIRE)--Venerable Holdings, Inc. (“Venerable”) today announced the addition of Kristina Magolis, who will serve as the General Counsel of Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary. In this capacity, Magolis will provide legal and regulatory guidance and subject matter expertise for legal matters relating to all aspects of Venerable Advisers. She will also serve as the Chief Legal Officer of Venerable Variable Insurance Trust, the variable insurance trust comprised of mutual funds that will be managed by Venerable Advisers. Magolis will be based in West Chester, PA.

Prior to joining Venerable, Magolis served as Associate General Counsel for Equitable Investment Management. There, she was responsible for the legal and regulatory oversight of both retail and insurance mutual funds, model portfolios and investment sub-advisers, and collaborated closely with leadership on business strategy, product development and corporate governance. She previously held positions at Morgan Stanley Investment Management and Equinox Funds.

Magolis is admitted to the bar in the states of New Jersey, New York, and Pennsylvania, holds a J.D. from Roger Williams University School of Law, and a B.A. in Political Science from The Pennsylvania State University.

Tim Brown, President of Venerable Advisers, noted, “Kristina is an excellent addition to our leadership team, bringing significant experience in the registered investment adviser and registered fund space. Her knowledge of legal and business operations and strategy, along with proficiency in the oversight of retail and insurance mutual funds and investment sub-advisers will directly influence strategic plans for Venerable Advisers.”

About Venerable

Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. For more information, please visit www.venerable.com.