Venerable Announces New Legal and Compliance Executive Leadership

WEST CHESTER, Pa.--(BUSINESS WIRE)--Venerable is pleased to announce the promotion of Lee Barnard to Executive Vice President, Chief Legal Officer and Secretary, overseeing the organization’s Legal and Compliance teams.

Since joining Venerable in 2020, Mr. Barnard has led the legal structuring and negotiation of complex M&A and reinsurance transactions, along with directly advising Venerable’s finance, risk, and investment management functions. In addition, since 2024, Mr. Barnard has managed Venerable’s Legal team. In this additional capacity, he will assume oversight of Venerable’s Compliance team, join Venerable’s Executive Committee, and act as a strategic advisor to Venerable’s leadership team and Board of Directors.

Mr. Barnard’s extensive experience in corporate transactions, investment management, securities and corporate governance matters, board and investor relations, and regulatory and government affairs has been a significant asset to Venerable over the last several years. Prior to joining Venerable, Mr. Barnard gained experience with Franklin Square Holdings, L.P., as Executive Director and Assistant General Counsel. He also spent a portion of his career in New York, NY with Kirkland & Ellis LLP and Debevoise & Plimpton LLP.

"Lee has consistently demonstrated exceptional executive leadership and sound judgment throughout his tenure at Venerable. His deep expertise and strategic insight make him well-equipped to help guide our organization forward and advance our growth strategy," said David Marcinek, Chairman and CEO of Venerable.

Mr. Barnard holds a J.D. from the University of Pennsylvania Law School and a B.A. from Emory University.

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, including variable annuities acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners, and Athene Holding Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital.

Venerable Investment Advisers, LLC was established in 2023 and SunAmerica Asset Management, LLC was acquired in 2026. Both entities have overall responsibility for the management of mutual funds underlying the variable annuity businesses of Venerable Insurance and Annuity Company and Corbridge, respectively.

For more information, please visit www.venerable.com.