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Relationship Manager - Agricultural Sector (Banking)

Agricultural sector experience is ESSENTIAL
Responsibilities:
Finance:
Achieve the Net Income Return for the Business as defined in the Financial Performance Report of the Business
Drive an Increase in average balance of specific portfolio of assets as defined in the Financial Performance Report of the business
Drive an increase in average balance of specific portfolio of liabilities (e.g. Call reports, 32 Day Deposits, Fixed Deposits) as defined in the Financial Performance Report of the Business
Client Services:
Deliver exceptional service that exceeds customers’ expectations through proactive, innovative and appropriate solutions
Manage existing clients and grow portfolio through making contact and generating leads through the Net Promoter Tool ....

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Allstate Announces Agreement to Sell Allstate Life Insurance Company

Allstate Announces Agreement to Sell Allstate Life Insurance Company
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Allstate Reports Agreement to Sell Allstate Life Insurance Company | #site_titleAllstate Reports Agreement to Sell Allstate Life Insurance Company

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The Allstate Corporation (NYSE: ALL) has reached an agreement to sell Allstate Life Insurance Company to entities that are managed by Blackstone for a total of USD 2.8 Billion. ALIC has a total of 80% or USD 23 Billion of Allstate’s life and annuity reserves, including generated net income of USD 467 Million 2019 with a net loss of USD 23 Million in the first nine months of 2020. This transaction is subject to regulatory approval and is anticipated to close within the second half of 2021.
“Allstate is deploying capital out of lower growth and return businesses while continuing to execute our strategy to grow market share in personal property-liability and expand protection solutions for customers,” said Tom Wilson, Chair, President and CEO. “Customers will be protected using non-proprietary life insurance products, as is currently done for annuities. Deployable capital will incre ....

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Allstate Sells Life Insurance Unit To Blackstone In $2.8B Deal

The Allstate Corporation has agreed to sell Allstate Life Insurance Company to entities managed by Blackstone for $2.8 billion, the company said in a news release.
ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and a net loss of $23 million in the first nine months of 2020. The transaction is subject to regulatory approval with an expected closing in the second half of 2021.
“Allstate is deploying capital out of lower growth and return businesses while continuing to execute our strategy to grow market share in personal property-liability and expand protection solutions for customers,” said Tom Wilson, chair, president and CEO. “Customers will be protected using non-proprietary life insurance products, as is currently done for annuities. Deployable capital will increase, and the transaction also provides increased transparency to the industry-leading returns of our core protectio ....

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