Equitable Holdings names Nick Chan as head of M&A

NEW YORK - Equitable Holdings, Inc. (NYSE:EQH) has appointed Nick Chan as Head of M&A, the financial services holding company announced in a press release statement.

In his new position, Chan will lead the company’s merger and acquisition strategy, focusing on accretive opportunities that support strategic growth objectives and create long-term shareholder value. This appointment comes as the company demonstrates strong momentum, with revenue growing 21.29% over the last twelve months to $13.96 billion. He will continue reporting to Chief Financial Officer Robin M. Raju and join Equitable’s Operating Committee.

Chan will also lead Equitable’s Business CFO function as part of his expanded responsibilities.

Since joining Equitable in 2021, Chan has served as Corporate CFO and Head of Strategic Transactions. During his tenure, he oversaw key initiatives including Equitable’s Individual Life reinsurance transaction with RGA, which the company described as the largest transaction of its kind in the industry, unlocking more than $2 billion in value.

Prior to his current role, Chan served as Deputy Treasurer at Equitable, where he managed balance sheet operations, capital markets hedging, finance strategy and reinsurance initiatives. His career also includes over a decade at Oliver Wyman, where he advised global insurers on strategy, M&A, finance and risk.

Chan holds both Master of Science and Bachelor of Science degrees in aeronautics and astronautics from the Massachusetts Institute of Technology and is a CFA charterholder.

Equitable Holdings operates through its businesses Equitable, AllianceBernstein and Equitable Advisors, with more than $1 trillion in assets under management and administration as of June 30, 2025, and over 5 million client relationships globally. The company maintains a healthy balance sheet with a current ratio of 1.77 and has demonstrated commitment to shareholder returns with a 12.5% dividend growth. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers what really matters about EQH through intuitive visuals and expert analysis.

In other recent news, Equitable Holdings has made several notable announcements. The company has appointed Vincent Xuan as the new Head of Life Insurance, following his tenure as Chief Actuary. In product development, Equitable introduced the Structured Capital Strategies Premier, a registered index-linked annuity offering enhanced growth potential and downside protection, featuring 120 investment options tied to indices like the S&P 500. Analysts have also adjusted their outlooks on Equitable Holdings. BMO Capital lowered its price target to $70, citing reduced earnings expectations in the Individual Retirement segment. Evercore ISI decreased its price target to $63, following Equitable’s second-quarter earnings report, while Wells Fargo also lowered its target to $63 after discussions with company executives. These developments reflect the company’s ongoing strategic adjustments and market positioning.

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