Delphi Financial Names Stephan A. Kiratsous as Executive Vice President and Chief Financial Officer
June 21 2011 - 8:30AM
Business Wire
Delphi Financial Group, Inc. (NYSE: DFG) announced today that
Stephan A. Kiratsous has been named Executive Vice President and
Chief Financial Officer, a newly-created position. Mr. Kiratsous
joins Delphi Financial from Credit Suisse, where he has served
since 2007 as Managing Director and head of the Insurance
Investment Banking Group – Americas.
Mr. Kiratsous, 47, has over 20 years of experience with major
global investment banks serving as a senior advisor to a wide
variety of insurance companies on corporate and strategic matters,
including mergers and acquisitions, divestitures and capital
offerings. Prior to Credit Suisse, Mr. Kiratsous was Managing
Director and co-head of the Financial Institutions Group – Americas
for HSBC Securities (USA) and was a Managing Director, Investment
Banking in the Financial Institutions Group of Merrill Lynch. He
was previously a Senior Vice President in the Insurance Investment
Banking Group of Donaldson, Lufkin & Jenrette, and began his
career as an analyst in the Insurance Equity Research department of
Kidder, Peabody & Co.
Robert Rosenkranz, Chairman and Chief Executive Officer, said,
“Stephan is a tremendous addition to Delphi’s management team,
bringing a wealth of experience and in-depth knowledge of the
insurance industry and capital markets. Stephan 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 Don Sherman
and Stephan to help Delphi expand our specialty life and
property-casualty insurance operations.”
Donald A. Sherman, President and Chief Operating Officer, said,
“In his new role, Stephan will oversee the financial operations of
Delphi and be responsible for strategy and corporate development.
His background and expertise will be invaluable as we work to
identify and capitalize on growth opportunities in our businesses,
as well as larger-scale strategic initiatives.”
Delphi Financial Group, Inc. is an integrated employee benefit
services company. Delphi is a leader in managing all aspects of
employee absence to enhance the productivity of its clients and
provides the related group insurance coverages: long-term and
short-term disability, life, excess workers’ compensation for
self-insured employers, large casualty programs including large
deductible workers’ compensation, travel accident, dental and
limited benefit health insurance. Delphi’s asset accumulation
business emphasizes individual annuity products. Delphi’s common
stock is listed on the New York Stock Exchange under the symbol DFG
and its corporate website address is www.delphifin.com.
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