Equitable Life of Canada, through its board of directors, has named Fabien Jeudy (pictured) as the company’s new president and chief executive officer, effective July 05, 2021.
He will take over for Ronald Beettam, who has announced his retirement after 16 years with the company.
Jeudy boasts more than 30 years of experience in the insurance industry, leading actuarial, finance, risk management, distribution, marketing, and operational teams in the life and health insurance, wealth management and group benefits markets in Canada, the US, and Asia.
Jeudy has held progressive technical roles before moving into operational leadership, acting as senior vice president and chief operating officer responsible for the management and business oversight of Asian regional functions.
In 2017, he was named chief executive officer at Sun Life Hong Kong, managing the company’s life and health individual insurance, group benefits, and pensions divisions, before being appointed as president in 2020. In that role, he specialized in the global high-net-worth market.
“His proven success developing and managing high-performance teams, building long-term relationships with stakeholders and regulators, growing and innovating the insurance business, and making long-term decisions with the policyholder in mind make him the perfect choice to lead Equitable Life into its next 100 years in business,” said Douglas Alexander, board chair at Equitable Life.
Jeudy, meanwhile, expressed gratitude on the appointment saying: “I’m honoured to be selected by the board to be the next leader of Equitable Life and I am looking forward to working with the extraordinary leadership team and exemplary people there. There are long standing relationships with advisors and partners, who have helped build Equitable into one of Canada’s largest and most financially stable mutual companies. I’m looking forward to working with them all, so we can continue delivering excellent products and service to our clients.”
Jeudy earned a Bachelor of Science degree in actuarial mathematics from Concordia University and is a fellow of the Canadian Institute of Actuaries. He began his career as a pricing actuary for individual life insurance and progressed through various actuarial roles with increasing responsibility in the areas of product development, valuation, risk management, and capital management.