As area layoffs mount, the company’s investment and expansion will bring up to 70 employment opportunities to Silicon Valley in 2023
SAN JOSE, Calif., Feb. 1, 2023 /PRNewswire/ — Today, Northwestern Mutual, a leading financial security company, announced the appointment of Kate Michaels as managing partner of the company’s new network office in San Jose. The office will provide up to 70 employment opportunities to those in Silicon Valley in 2023, following nearly 75,000 layoffs in the past year, according to tech job tracker layoffs.fyi.
“Creating financial security for more families in the San Jose community will be a top priority for our office,” Michaels said. “The area is going through some significant changes, and many people are experiencing financial anxiety. At a time when large employers are pulling back, we’re excited to make this investment in Silicon Valley, to guide clients on their financial journey and to provide career opportunities to top talent in the area.”
In addition to supporting the office’s advisors and providing them with the resources they need to best serve their clients, Michaels will oversee client growth and retention. She is also committed to constructing a staff that is diverse and representative of the greater San Jose community.
Michaels began her career in 2008 as a campus recruiter in Rochester, N.Y., and has since excelled in many roles within the company, including internship development officer, chief recruiting officer and financial advisor. In 2014, Michaels launched the Diversity, Equity and Inclusion Council for the company’s network office in Syracuse, N.Y., and was the inaugural graduate of Northwestern Mutual’s Women’s Leadership Development Program. Prior to her new role, Michaels served as the district director in Syracuse where she drove significant increases in productivity among new advisors.
After 15 years with Northwestern Mutual, Michaels is looking forward to relocating to the West Coast and furthering her passion for developing talent and building relationships.
In partnership with the company’s Distribution Growth Ventures (DGV) team, which is focused on growing the company’s distribution system, the San Jose network office is a part of Northwestern Mutual’s investment and expansion in California.
About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what’s most important. With more than $561 billion in combined company and client assets, $34 billion in revenues, and $2.1 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to nearly five million people with life, disability income and long-term care insurance, annuities, and wealth and investment management services. Northwestern Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE® as one of the “World’s Most Admired” life insurance companies in 2022.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with “Advisor” in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.
SOURCE Northwestern Mutual
