LIMRA Hires New Compliance Head

WINDSOR, Conn., June 12, 2012 — LIMRA today announced it has hired Paul DeSimone, as head of LIMRA’s compliance and regulatory services group, effective May 1, 2012.

“Paul’s breadth of knowledge and vast experience will be invaluable at a time when the world of compliance and regulation continues to grow more complex and more global in nature,” said James Kerley, president of LIMRA Services, Inc. “LIMRA recognizes the wide-array of compliance and regulatory challenges our members face and as a result, expanded our compliance and regulatory team to ensure we continue to provide the leading research and insight, as well as industry-standard products and services that help companies address and resolve the today’s compliance concerns.”

In this new role, DeSimone oversees the management of LIMRA’s compliance products as well as the Regulatory Services Strategy Center, which was established in 2011 to assess global trends, regulations and issues that impact financial services companies and to drive industry thought leadership. In addition, DeSimone will be responsible for developing business growth strategies and innovative product development.

DeSimone has a long-standing history with LIMRA. He has been a regular member and vice chair of LIMRA’s Broker / Dealer Services Committee for 15 years. DeSimone is president and chief compliance officer of an SEC-registered broker/dealer and principal of a private equity firm. His career background encompasses financial services product development and distribution leadership roles in a variety of positions at LIMRA member companies, including: New England Financial, American Skandia, MassMutual and Prudential Financial.

“I am excited at this opportunity to join this outstanding organization that I have admired for many years,” said DeSimone. “I look forward to working with our member companies and our growing federal, state and SRO regulatory framework, to provide the industry knowledge and services that LIMRA is known for, and that will help them navigate through this incredibly complex regulatory environment.”

To view DeSimone’s biography and official photo, please visit: Executive Profiles.

LIMRA Contact:

Catherine Theroux, 860-285-7787, ctheroux@limra.com.

About LIMRA

LIMRA, a worldwide research, consulting and professional development organization, is the trusted source of industry knowledge, helping more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at www.limra.com.