August 13, 2024 Newswires

Axcelus Financial Expands U.S. Board of Directors With Two Key Appointments

Business Wire

PHILADELPHIA--(BUSINESS WIRE)--
Axcelus Financial (“Axcelus”), a leading provider of private placement life insurance and annuities, announces the appointments of Michael Fanning, the CEO of Advisor360°, and Nicholas Kabcenell, the Co-Founder of Structured Capital Partners (SCP), to its U.S. Board of Directors. The appointments come during a year of strong growth for Axcelus, following its rebrand in January 2024.

Michael Fanning has over three decades of experience shaping strategy, driving digital transformation and championing innovation as an industry leader in wealth management. He is currently the CEO of Advisor360°, a leading provider of integrated technology for enterprise wealth management firms. Prior to this, he oversaw an unprecedented period of growth and digital transformation at MassMutual, where he led the company’s U.S. insurance business.

Nicholas Kabcenell has been working in private markets for over two decades. He currently serves as the Co-Founder of SCP, overseeing private debt and equity funds established by Darby Overseas Investments (Darby), and previously spent 16 years as a Managing Director of Darby. Prior to this role, Nicholas led the restructuring of a private equity fund established by Dresdner Allianz. Nicholas began his career as a corporate lawyer at Debevoise & Plimpton in New York, with a primary focus on LBO transactions. He currently serves as an independent, non-executive member of the investment committees of Patrimonium Asset Management AG’s private credit funds.

Hon. Tom Considine, Chairman of the Board, said: “I am thrilled to welcome Mike and Nick to our Board. As Axcelus continues to expand, we are committed to providing the highest level of service and industry-leading solutions to our clients. Both Mike and Nick’s insights will be invaluable given their extensive experience in leading and transforming legacy businesses.”

About Axcelus Financial

Axcelus Financial is a leader in the private placement space with over three decades of experience providing innovative insurance-based solutions for high-net-worth and institutional clients. Axcelus Financial has over $14 billion in assets under administration as of June 30, 2024 and has offices in Philadelphia, New York, Miami, and Bermuda.