Equitable Announces New Leadership Appointments

Industry veteran, Jim Kais, named Head of Group Retirement; succeeds Jessica Baehr, who was appointed President of Equitable Investment Management

Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced the appointment of Jim Kais as the Head of its Group Retirement business, effective April 1, 2024. Kais will report to Nick Lane, President of Equitable, and join the company’s Operating Committee. Kais succeeds Jessica Baehr, who was recently named President of Equitable Investment Management.¹

“With nearly three decades of experience, Jim is a proven and respected leader in the retirement industry with a strong track record of transforming and growing businesses,” said Nick Lane, President of Equitable. “He deeply understands what plan sponsors need to help their employees build secure financial futures, whether they are public school administrators or small business owners. Jim is the right leader to help us build upon our privileged legacy of serving educators and help us grow our position in the small business retirement plan market.”

In this role, Kais will be responsible for the strategy, product portfolio, client experience and financial results for Equitable’s Group Retirement business, including its tax exempt 403(b) and 457 businesses and the small business 401(k) market. Equitable is the leading 403(b) retirement plan provider in the K-12 educators market, with 1,100 dedicated financial professionals serving more than 800,000 educators across the country.² The company is also a top provider of 457 plans for local governments and municipalities, and 401(k) solutions for small- and medium-sized businesses.

Prior to joining Equitable, Kais served as Head of Retirement Plans at Ameritas. During his tenure, he notably transformed the company’s retirement plan distribution system, successfully growing the business. He also has proven experience working with plan sponsors in the 403(b), 457 and 401(k) plan markets, having established the multiple employer plan (MEP) business at Ameritas. Kais also worked at Transamerica for more than a decade, where he held several leadership positions, including Senior Vice President for the company’s Retirement practice. Prior to Transamerica, he held various roles at ADP TotalSource, Prudential and Merrill Lynch.

Kais was recognized on the 401(k) Wire's "2022's 100 Most Influential People" list and has testified before Congress on three separate occasions as a policy and subject matter expert on pooled retirement plans (PEPs), fiduciary regulations and state-run retirement plans. He serves on the advisory board for the SPARK Institute and on the Retirement Plans Committee of the American Council of Life Insurers. Kais earned a Bachelor of Arts degree in Economics and Business Administration from Ursinus College and holds the FINRA Series 6, 63 and 26 securities registrations.

Company veteran Jessica Baehr, who served as the Head of Group Retirement since 2021, has assumed a new leadership position as the President of Equitable Investment Management. Baehr will continue to serve on Equitable’s Operating Committee and report to Chief Investment Officer Steven Joenk.

Equitable Investment Management is the registered investment adviser for the 126 portfolios that underlie Equitable’s variable insurance products, retail mutual funds and suite of model portfolios. Its mission is to create unique investment solutions, offering clients choice through access to a competitive, well-diversified portfolio of fund solutions. With approximately $116 billion in assets under management,³ Equitable Investment Management places among the top 12% of U.S. mutual fund companies⁴ and is a meaningful contributor to Equitable Holdings’ financial results.

“Equitable Investment Management is a differentiator for Equitable. Jessica is the right leader to take the helm, as we continue to create competitive investment solutions for clients and drive sustainable value for the enterprise,” said Steven Joenk, Chief Investment Officer for Equitable. “Jessica is a seasoned leader who is well positioned to usher in our next chapter of growth, drawing upon her experience running our second largest business, Group Retirement, and deep understanding of our variable insurance products and proprietary funds.”

Baehr first joined Equitable in 2011. Her previous leadership roles also include serving as the Chief Operating Officer for the company’s Life and Employee Benefits businesses and Head of Investor Relations for Equitable Holdings. Prior to Equitable, Baehr started her career in the non-profit sector working in higher education and international development. She earned a Bachelor of Arts in International Studies with a focus on Russian and Eastern European Studies and a Master of Business Administration from Fairfield University.

About Equitable

Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and Equitable Advisors financial professionals and serves 3 million clients across the country. Please visit equitable.com for more information.

Duly registered and licensed Financial Professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of California, LLC; Equitable Network Insurance Agency of Utah, LLC; Equitable Network of Puerto Rico, Inc.). Equitable Investment Management Group, LLC (EIMG) is a wholly owned subsidiary of Equitable Financial Life Insurance Company, which is an indirect, wholly-owned subsidiary of Equitable Holdings, Inc. Equitable Investment Management, LLC (EIM II) is an indirect, wholly owned subsidiary of Equitable Holdings, Inc. EIMG and EIM II are affiliates of Equitable Advisors and AllianceBernstein L.P ("AB"). “Equitable Investment Management” is a brand name that includes EIMG and EIM II. References to “Equitable Investment Management” includes EIMG, and its affiliate, EIM II.

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¹ Equitable Investment Management is the brand name for Equitable Investment Management Group, LLC and its affiliate Equitable Investment Management, LLC, which share the same infrastructure and officers and directors.

² LIMRA, Not-for-Profit Survey, Q3 2023 Results, based on 403(b) plan participants and contributions. This and reference to the company’s 1859 founding apply specifically and exclusively to Equitable Financial Life Insurance Company (Equitable Financial), NY, NY.

³ $116 billion in assets under management, excluding fund of funds, as of 12/31/2023.

⁴ Equitable Investment Management with data from the Investment Company Institute (ICI), as of 12/31/2023. Equitable Investment Management placed among the top 12% of 291 firms tracked by ICI, based on company assets under management in regulated open-end funds, including mutual funds and institutional funds. Placement is subject to change.

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