Lincoln Financial Group Names Carey Hobbs Vice President and Head of Variable Annuity Risk Management

Wednesday, July 22, 2015 1:23 pm EDT

Dateline:

RADNOR, Pa.

Public Company Information:

NYSE:
LNC
"With that in mind, we could not be more thrilled that Carey has decided to join our organization. He is a top-tier talent, and I am confident that he will make significant contributions that help to drive our future success."

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) announced today that Carey Hobbs joined the company as vice president and head of Variable Annuity Risk Management, effective July 20, 2015. In his new role, Hobbs reports to John Rhodes, senior vice president and chief risk officer for Lincoln Financial Group, and is responsible for overseeing strategy development, technology and the day-to-day management of the hedge program. Hobbs joins Lincoln Financial from Voya Financial (formerly ING U.S. Financial Services), where he most recently served as the head of Market Risk Management.

“Effectively managing variable annuity risk is not only a fundamental component of our overall business strategy, but also a daily focal point that directly influences our results,” said Rhodes. “With that in mind, we could not be more thrilled that Carey has decided to join our organization. He is a top-tier talent, and I am confident that he will make significant contributions that help to drive our future success.”

Hobbs joined Voya in 2006 as the head of Japan Hedging and Performance Management and later became the head of Quantitative Derivative Strategies. Prior to Voya, he served as vice president of Corporate Risk for JPMorgan Chase, and he was also a senior associate with Moody’s Investors Service.

Hobbs holds a bachelor’s degree in Mathematics and Physics from Adelphi University. He is also a Graduate Fellow in Physics at Princeton University.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $222 billion in assets under management as of March 31, 2015. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter (@lincolnfingroup), LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.

Contact:

Lincoln Financial Group
Nicole Hartnett, 484-583-1014
nicole.harnett@lfg.com
or
Michael Arcaro, 484-583-1799
michael.arcaro@lfg.com