Athene, announced that its Board of Directors has appointed Grant Kvalheim as Chief Executive Officer, effective July 1, 2025. Jim Belardi, Co-founder, was named Executive Chairman and will remain Chief Investment Officer. Kvalheim, a 14-year veteran of Athene, most recently served as President, with responsibility for running the company?s U.S. operations, as well as growth initiatives.

Kvalheim joined Athene in 2011 and has served as President since April 2022, leading its U.S operating companies with a focus on growing organic origination. Prior to joining Athene, Kvalheim was Co-President of Barclays Capital where he grew the European investment grade credit business into a leading global credit franchise across both securitized and non-securitized credit products. Prior to joining Barclays, he held senior executive positions in the investment banks of Deutsche Bank and Merrill Lynch.