Corebridge Financial Names New CIO
The industry veteran to fill the role was hired from Prudential
Corebridge Financial Inc., which was spun off by insurance giant AIG in October 2022, has named Lisa Longino as its CIO, effective immediately. Longino joins from Prudential, where she was head of global investment strategy, and will oversee the investment portfolio for Corebridge’s more than $345 billion in assets under management.
“We are excited to welcome Lisa Longino, a recognized leader in managing insurance company investment portfolios,” Corebridge CEO Kevin Hogan said in a release. “We look forward to Lisa bringing her experience in dynamically managing investment portfolios across a variety of economic cycles along with her expertise in asset allocation, portfolio risk, and external investment manager oversight.”
Longino replaces Sabra Purtill, who was named interim CFO of AIG on January 30 after Mark Lyons, the company’s previous interim CFO, was fired for violating confidentiality obligations.
Longino held her role at Prudential, for more than three years after working for more than 22 years at MetLife, where she rose to senior vice president and managing director, according to her LinkedIn profile. Before joining MetLife, Longino was a fixed-income portfolio manager for Providian Financial, and before that, she was an assistant portfolio manager at Independent Life, which was acquired by AIG.
“I am thrilled to be joining Corebridge Financial and to have the opportunity to lead this company’s outstanding investments team,” Longino said in a release. “My aim will be to optimize economic returns across the investment portfolio while meeting our financial commitments and prudently managing risk.”