Rodolfo Revuelta was elected senior vice president and chief investment officer of New Orleans-based Pan-American Life Insurance Company, the company reported.
Revuelta was named to these appointments after the announcement that Luis Inglés Jr., senior vice president – Investments, treasurer and Board member for the company’s major domestic and foreign subsidiaries, would retire effective June 30, 2005.
Inglés, who has served as chief investment officer since 1992, joined Pan-American as a Securities Analyst and has served the company for more than 37 years.
“Luis Inglés’ leadership has led to a strong balance sheet and an outstanding financial position for our company. The investment community and the Pan-American family thank Luis for his service to Pan-American Life and his profession,” José Suquet, president and CEO of Pan- American Life, said.
Effective July 1, Rodolfo Revuelta will succeed Inglés as senior VP and CIO. Revuelta is currently vice president, Securities, and is responsible for the corporate and mortgage-backed securities portfolios of Pan-American’s U.S. and Latin American branches and affiliates.
Revuelta began his career at Pan-American Life in 1976 as a Latin American securities analyst. After a series of promotions and expanded responsibilities he was promoted to vice president in 1993.
Also, in connection with Inglés’ retirement, Peggy B. Scott, who currently serves as Pan-American Life executive vice president and chief financial officer, will take on an expanded role and assume responsibility for the company’s financial and investment functions in July 2005.
Pan-American Life also announced the appointment of G. Patrick McGunagle, to the role of executive vice president effective Feb. 1, 2005.
As a new member of the executive team, McGunagle assumes responsibility for all activities related to administration, information technology and corporate services. He will also acquire full responsibility for the worksite benefits division and Pan-American Life’s broker-dealer subsidiary, Pan-American Financial Advisers (PAFA).
Currently, McGunagle is an independent consultant and founder of GPM Partners LLC, specializing in the Financial Services Sector, based in New York. Prior to forming GPM Partners LLC, McGunagle served as senior vice president of AXA Financial, executive vice president for AXA Advisors LLC, and chief administrative officer for the AXA Service Delivery and Strategic Distribution Services Groups.
McGunagle brings more than 28 years of experience to the insurance industry, where he has held positions in the areas of strategic planning, financial management, project management, and re-engineering initiatives. He has helped ensure the effective execution of e-Business, service delivery and customer service activities, as well as the coordination of technology support.
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