Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer

ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Elena Plesco has joined Abacus as Chief Capital Officer.

Based in New York, Ms. Plesco has over a decade of investing experience in the financial services and assets sectors. Ms. Plesco is joining Abacus from KKR, where she served as the Co-Head of Specialty Finance, within the asset-based finance business, focused on debt and equity investments in consumer and esoteric finance companies. Prior to KKR, she worked in the investment banking division of J.P. Morgan where she was involved in a variety of mergers, acquisitions, and other advisory transactions. As Chief Capital Officer for Abacus, Ms. Plesco will oversee capital management initiatives, ensuring optimization of the company's financial structure and facilitating global expansion through strategic investments.

“We’re thrilled to welcome Elena to the Abacus team as we continue to broaden our financial and business scope,” said Abacus Chief Executive Officer Jay Jackson. “Elena brings a wealth of investing and financing experience across several different asset classes, which complements our ongoing goal of further enhancing our investment management services. We are looking forward to having her help maximize returns for our shareholders.”

“I am truly energized to embark on this journey with Abacus,” added Ms. Plesco. “Having known the management team for over five years, I am impressed with what they have been able to build. I look forward to leveraging our collective expertise to drive forward the ambitious long-term growth strategy of Abacus as a global financial player.”

About Abacus

Abacus is a leading vertically integrated alternative asset manager and market maker, specializing in longevity and actuarial technology. The company is democratizing the life insurance space through three groundbreaking new channels: ABL Tech, ABL Wealth, and ABL Longevity Growth & Income Funds. Since 2004, Abacus has purchased life insurance policies from consumers seeking liquidity and has actively managed those policies over time (via trading, holding, and/or servicing). With over $5BN in face value of policies purchased, we have helped thousands of clients maximize the value of life insurance. Abacus Life is the only public life settlement company, trading on the Nasdaq Exchange under the ticker symbol ABL.