West Chester-based Venerable, a company that owns and manages legacy variable annuity businesses, recently appointed Michal Levy to serve as president of Venerable Investment Advisers (VIA) and SunAmerica Asset Management.
“Michal is perfectly suited to take on oversight of our investment advisers, driving efficiencies within and across the organizations and ensuring their capabilities align to Venerable’s growth aspirations,” Miles Kaschalk, Venerable head of corporate development said. “Her leadership and expertise will be a tremendous asset to this critically important part of our business and to our overall corporate strategy.”
Levy joined Venerable in 2023, serving as head of VIA, helping with its establishment and growth. In her new role, she will manage approximately $52 billion in assets under management. She also will oversee all aspects of Venerable’s investment adviser business including fund administration, fund board relations strategy, sub-adviser relations and oversight, operations, and product development.
Levy previously served as Equitable Investment Management president and was employed at Duff & Phelps and Putnam Investments in a variety of asset management, strategy and business development roles.
Venerable created VIA in 2023 and acquired SunAmerica Asset Management this year. The companies manage the mutual funds underlying Venerable Insurance’s variable annuity businesses, Annuity Company and Corebridge.