Clark Manning
Clark Manning | |
|---|---|
| Born | Clark Preston Manning Jr. 1959 (age 64–65) |
| Nationality | American |
| Title | CEO of Jackson National Life, 2002–10 Chairman of board of PPM America |
Clark Preston Manning Jr., also known as Clark Manning or Clark Preston Manning, is an American actuary and business manager. He was president and CEO during 2002–2010 of Jackson National Life, a major U.S. insurance company located in Lansing, Michigan. He also served on the board of directors of Prudential plc, one of the largest public financial companies in the world, during 2002–2010.[a] He currently is chairman of the board of directors of PPM America, Inc., a major U.S. investment management firm that is another subsidiary of Prudential plc.
Manning was born in approximately 1959.[1]
He obtained a bachelor's degree (B.B.A.) in actuarial science at University of Texas. And also at University of Texas, he completed an M.B.A. He holds professional designations of Fellow of the Society of Actuaries (FSA) and Member, American Academy of Actuaries (MAAA).[2] His activity in the Society of Actuaries included publishing a 1990 article on changes in valuation law, based on a panel discussion that he led.[3]
Manning worked as a consulting actuary in the Chicago office of Milliman & Robertson, Inc., before joining SunAmerica, Inc.[4] In the mid-1990s, he was listed as senior vice president of NYC-based life insurance company SunAmerica, Inc.[4][5] SunAmerica, which also is described as a retirement savings company, was acquired by AIG in 1999.[6] He served as senior vice president and as chief actuary.[4]
He joined Jackson National Life in 1995, served as the senior vice president and the chief actuary during 1995 to 1998, then served as chief operating officer during 1998 to 2001. After serving as acting CEO from June 2001, he was appointed CEO of Jackson National Life in late 2001, saying then that he planned to follow "an aggressive strategy of expanding Jackson's distribution capabilities and product line."[2] He served as CEO through 2010, in that year earning $2.1 million compensation.[7] After stepping down from CEO of Jackson National Life in 2010, Manning was to serve as an adviser through the end of 2011.[8] Tidjane Thiam, CEO of Prudential plc, praised Manning's for leaving at JNL "a strong legacy, having put together over the years a first-class management team and achieved excellent results...".[9]
Manning also was an analyst at Prudential Equity Group's Research Division (part of U.S.-based Prudential Financial and entirely unrelated to U.K.-based Prudential plc) at some point in his career.[2]
In 2015, he is a director and chairman of the board of directors of PPM America, Inc.,[4][10] a major investment management firm, which like Jackson National Life is a subsidiary of Prudential plc.
Notes
- ^ Jackson National Life was one of the top 20 life insurance companies in the U.S., and was/is a wholly owned subsidiary of U.K.-based Prudential plc. Prudential plc, not affiliated with U.S.-based Prudential Financial, was then the second largest U.K. life insurance company and pension annuity provider. Prudential plc is a public company that is traded on the NYSE and was/is among the largest 50 public financial companies, world-wide.
References
- ^ One source on his age is this Bloomberg profile, accessed January 28, 2015.
- ^ a b c "Manning Named Jackson National President and CEO". PRnewswire. November 9, 2001.
- ^ Clark Manning (1990). "Standard Valuation Law". Record of Society of Actuaries. 16 (2). Society of Actuaries., a 20 page article
- ^ a b c d "Clark P. Manning, Jr". Bloomberg. Retrieved January 28, 2015.
- ^ Google book excerpt of Dun & Bradstreet's Million Dollar Directory listing, 1996.
- ^ "AIG, SunAmerica to Merge on New Year's Day". AMBest. December 30, 1998.
- ^ "Clark Manning". Forbes. Archived from the original on October 27, 2018. Retrieved January 28, 2015.
- ^ "Prudential US chief Clark Manning leaves Jackson National Life in reshuffle". The Daily Telegraph. 15 October 2010. Retrieved 2011-08-04.
- ^ Julia Kollewe (October 15, 2010). "Head of Prudential's US business quits". The Guardian.
- ^ "Company Overview of PPM America, Inc.: Board Members". Bloomberg Business. Retrieved January 29, 2015.