F&G Annuities & Life, Inc. announced the promotions of two senior executives. Leena Punjabi, Chief Investment Officer, and Matt Christensen, Chief Operating Officer, have both been promoted to Executive Vice President. In their newly elevated roles, Punjabi will continue to lead the strategic oversight of F&G's investment portfolios while Christensen will continue to oversee Transformation and Information Technology.

Ms. Punjabi, CFA, joined F&G in 2019 and served as Co-CIO becoming sole CIO in 2022. She oversees F&G's investment portfolio and strategic partnership with Blackstone Insurance Solutions. Punjabi and her team have further diversified F&G's investment portfolio adding new asset classes that have improved yields without increasing credit risk, making products more competitive while fueling growth.

Ms. Punjabi previously served as Principal at Mercer where she was instrumental in building their insurance investment practice. Mr. Christensen joined F&G in 2019 and has played an instrumental role in building, leading and developing a team and transforming F&G's operating model to maximize value throughout the enterprise. This includes refining and optimizing F&G's operational strategy and infrastructure while maturing and improving core processes.

Mr. Christensen previously served as Principal for Blackstone and held various leadership roles with Jackson.