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Jackson Nabs Fidelity's Compliance Chief

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What You Need to Know

  • Chelko joined Boston-based Fidelity last April following a seven-year stint with Lincoln Financial Group.
  • She will begin her new role as executive vice president at Jackson on Aug. 30.
  • Jackson National is preparing to separate from Prudential and go public.

Jackson Financial Inc. has tapped Fidelity Investments’ chief compliance officer to serve as the firm’s new general counsel as it prepares to separate from Prudential and go public. 

Carrie Chelko, a financial industry in-house veteran, will begin her new role as executive vice president at Jackson on Aug. 30. She is slated to take over as chief lawyer and secretary when the Lansing, Michigan-based annuity provider completes its demerger with Prudential.

The split is expected to be finalized Sept. 13. 

Jackson announced Chelko’s appointment Monday. She succeeds Julia Goatley, who emerged from retirement in February to act as Jackson’s interim general counsel and oversee the firm’s transition to an independent, publicly listed company. 

Goatley, who previously served for more than 16 years as the company’s senior vice president of insurance legal, plans to return to retirement when Chelko takes up the reins of Jackson’s legal department.

Chelko was not immediately available for comment. In a prepared statement, she said she was looking “forward to working with this purpose-driven team as Jackson continues to execute against a focused strategy to drive growth, deliver value to our stakeholders and help Americans grow and protect their retirement savings and income.” 

Chelko joined Boston-based Fidelity last April following a seven-year stint with Lincoln Financial Group. She served as chief legal officer for Lincoln Financial Distributors, which distributes the Radnor, Pennsylvania-based firm’s insurance, annuities and retirement plans. 

Chelko also spent a decade as deputy general counsel for financial services firm Janney Montgomery Scott in Philadelphia. She began her legal career as an associate focused on securities litigation at Philadelphia’s Saul Ewing Arnstein & Lehr.

“Her wealth of experience working closely with industry regulators will be critical to our success as we further position Jackson as a leading provider of U.S. retirement income solutions,” said Jackson CEO Laura Prieskorn.