Developing New Platform Produces Operating Income

Desired to increase reserves under management as clients rotated away from general account products. The 401k market stayed unreceptive to traditional guaranteed products to support stable value.

Developed a funding agreement note issuance platform to access different markets. This restructured funding agreements into 144A securities through a bankruptcy remote business trust. Drove the team to implement the new program across the enterprise.

The program produced $14.8 billion of issuance during 13 years generating in excess of $300 million of operating income.