Guardian Life appoints Nicholas Liolis as chief investment officer

Written by Michael Griffiths

03/01/2023

Guardian Life has announced that Nicholas Liolis is joining the insurer as chief investment officer (CIO).

The appointment will be effective from 23 January 2023.

Since 2015, Liolis has held the position of executive vice president and chief investment officer at Teachers Insurance and Annuity Association of America (TIAA) where he managed a $290bn general account portfolio with a $36bn international component.

Before TIAA, Liolis held the position of managing director and CIO of AXA Equitable Life Insurance Company where he was responsible for asset-liability management, asset allocation, and overall investment strategy for General Account investment and pension portfolios.

Over his 20-year tenure at AXA, he held several positions including head of hedge fund investments, chief credit officer, and deputy CIO, prior to being named CIO in 2012.

“I am excited to join Guardian and look forward to working with the Board, leadership and my new colleagues to drive growth and advance the company’s purpose to inspire well-being,” Liolis said.

Reporting to the group’s chief executive officer and president, Andrew McMahon, Liolis will be responsible for investment policy and strategy across all of Guardian’s investment categories, including public and private equity, fixed income, and commercial real estate.

“We’re excited to have Nick join Guardian as our CIO,” McMahon commented. “With his extensive investment expertise, risk management discipline, and leadership capabilities, I am confident that he’s the right leader to help deliver competitive dividends and financial security for Guardian’s policyholders.”

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