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New York, NY, August 10, 1999-Equitable Distributors, Inc. (EDI), a wholly owned subsidiary of Equitable Life (Equitable), is pleased to announced the expansion of their Life Insurance Division with the addition of four new Divisional Vice Presidents.
Paul Scott Hults will oversee the Division's Great Lakes wholesaling activities for Equitable's line of variable life products. Mr. Hults, age 39, has over seven years of experience in the financial services industry, and was most recently associated with Equitable in Southern California. Over the course of Mr. Hults' more than six year's tenure with Equitable, he served in various capacities including Regional Representative and Director of Training for the Pacific Northwest Region. Mr. Hults holds various NASD and insurance designations, and is a graduate of Colorado State University, where he received his Bachelor of Science degree in Accounting.
David M. Kahal will oversee the Division's Pacific Northwest wholesaling activities for Equitable's line of variable life products. Mr. Kahal, age 30, has over eight years of experience in the financial services industry, and was most recently associated with Liberty Capital Management in Santa Ana, California. In addition to obtaining various NASD and insurance designations, Mr. Kahal is a Certified Financial Planner (CFP). Mr. Kahal is a graduate of San Diego State University and holds a Bachelor of Science in Finance with an emphasis in Financial Services.
Paul A. LaPiana will oversee the Division's Southern California and Hawaii wholesaling activities for Equitable's line of variable life products. Mr. LaPiana, age 29, has over seven years of experience in the financial services industry, and was most recently associated with Liberty Capital Management in Santa Ana, California. In addition to obtaining various NASD and insurance designations, Mr. LaPiana is a Certified Financial Planner (CFP). Mr. LaPiana is a graduate of San Diego State University and holds a Bachelor of Science in Finance.
Mark Don Scalercio will oversee the Division's Rocky Mountain wholesaling activities for Equitable's line of variable life products. Mr. Scalercio, age 36, has over seven years of experience in the financial services industry, and was most recently associated with Equitable in Phoenix, Arizona. Over the course of Mr. Scalercio's tenure with Equitable, he served in various capacities including Financial Associate, District Manager and Branch Manager. Mr. Scalercio holds various NASD and insurance designations, and is a graduate of Northern Arizona University, where he received his Bachelor of Science degree in Marketing and Journalism.
EDI is dedicated to the distribution of Equitable's innovative line of variable annuity and variable life insurance products through external channels such as banks, wirehouses, and broker-dealers.
The Equitable Companies Incorporated is one of the world's premier investment organizations, through products and services distributed by its primary businesses. Equitable is a member of the global AXA group, with as of December 31, 1998 has $655 billion in assets under management and ranks among the world's largest providers of insurance and financial services.* The Equitable Companies include: The Equitable Life Assurance Society; Alliance Capital Management, and Donaldson, Lufkin & Jenrette.
*Equitable Life is solely responsible for its own obligations
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