NFP Appoints Chief Executive

Douglas W. Hammond, president and chief operating officer, has been named chief executive of National Financial Partners Corp.

Hammond succeeds Jessica M. Bibliowicz , chairman and CEO of NFP. Bibliowicz, whose intention to step down as CEO was announced in April 2012, served as NFP’s CEO since joining the company in April 1999, and as chairman since June 2003. (See “NFP Chair and CEO Bibliowicz Announces Plans to Step Down.”)

Hammond’s appointment is part of the company’s previously announced management succession plan. Bibliowicz will continue her service on the board as non-executive chairman of NFP until the close of the transaction with Madison Dearborn Partners LLC (MDP), under which a controlled affiliate of MDP will acquire NFP.  The transaction is subject to shareholder approval. (See “NFP in $1.3B Deal with Madison Dearborn.”)

Hammond, 47, has served as chief operating officer of NFP since 2008, and was named president in 2012. Previously, he served as NFP’s executive vice president and general counsel from 2004 to 2008, and as NFP’s executive vice president and deputy general counsel from 2002 to 2004. Before joining NFP in 1999, Hammond was an attorney with the law firm known as Dewey & LeBoeuf LLP, where he specialized in corporate insurance and regulatory matters and represented NFP’s capital sponsor before and during the formation of the company. He also held various business and legal positions in the financial institutions division of Gulf Insurance Group, Inc., a specialty lines insurance company. 

Hammond serves on the Advisory Board of Trustees of the Dolan School of Business of Fairfield University. He holds a bachelor’s degree from Fairfield University and a juris doctorate from St. John’s University School of Law.

NFP is a provider of benefits, insurance and wealth management services.