Equitable Holdings Announces New Leadership Appointments

Equitable Holdings, Inc. (NYSE:EQH), the financial services holding company comprised of Equitable and AllianceBernstein, today announced new leadership appointments as the company continues to deliver on its strategic growth plans and deliver value for its stakeholders.

Julia Zhang has been named the company’s Chief Risk Officer, effective April 1, pending approval from the Equitable Holdings Board of Directors. Zhang will report to Mark Pearson, President and Chief Executive Officer of Equitable Holdings, and join the company’s Management Committee. Zhang succeeds Aaron Sarfatti, who served as the company’s Chief Risk Officer since 2018.

“After an extensive search, there is no one better positioned than Julia to lead our enterprise risk management function and build upon our strong framework as we deliver on our growth strategy,” said Mark Pearson. "For nearly two decades, Julia has demonstrated impeccable judgment, courage and vision, amidst many market cycles and significant milestones including our IPO in 2018. She is the right leader to guide us into the future, protecting our balance sheet while we drive growth.”

Currently, Zhang is Treasurer for Equitable Holdings, where she oversees the company’s capital and liquidity management, dividend and funding strategy, and banking and rating agency relationships. She also serves as a director and Chief Financial Officer for multiple Equitable Holdings subsidiaries and is a member of the company’s Capital and Liquidity, Hedging and Investment and Risk steering committees. Amongst her many accomplishments are helping to establish Equitable Holdings’ capital management strategy, hedging and corporate debt programs, and pioneering Equitable’s funding agreement-backed note (FABN) program, which, in part, supports sustainable financing while generating positive returns.

Zhang began her career at Equitable in 2007 on the company’s derivatives and hedging team. She earned a Bachelor of Science degree in Statistics and Finance from the University of Science and Technology of China and a Master of Arts degree in Mathematics of Finance from Columbia University. Zhang is a Chartered Financial Analyst (CFA) charterholder and a Fellow of the Society of Actuaries (FSA).

Aaron Sarfatti will continue to serve on the Equitable Holdings Management Committee as its Chief Strategy Officer. In addition, he has assumed expanded responsibility as the company’s Head of Institutional Businesses and New Ventures. In this capacity, Sarfatti is charged with identifying and incubating new sources of revenue. This new role also includes P&L responsibility for the company’s institutional growth markets, including the emerging in-plan guarantee market, a compelling growth area for Equitable.