Michael Madden
About Michael Madden
Michael Madden serves as the CFO of Individual Solutions at Transamerica, bringing extensive experience in finance and management from his previous roles at TIAA, UBS, and Ameriprise Financial Services. He holds a BS in Accounting from Rutgers University and has a proven track record in enhancing financial operations and driving significant asset growth.
Work at Transamerica
Michael Madden serves as the CFO of Individual Solutions at Transamerica. He has held this position since 2021, contributing to the financial strategy and operations of the company. His role involves overseeing financial management and ensuring the effective delivery of individual solutions to clients. Madden's experience in finance and management supports Transamerica's objectives in the competitive financial services market.
Education and Expertise
Michael Madden earned a Bachelor of Science degree in Accounting from Rutgers University. His educational background provides a strong foundation in financial principles and practices, which he applies throughout his career in various finance roles. Madden's expertise encompasses financial management, product development, and strategic planning within the financial services sector.
Background
Michael Madden has extensive experience in the financial services industry, with a career spanning over two decades. He has held various leadership positions at notable firms, including TIAA, UBS, and Ameriprise Financial Services. His professional journey includes roles in finance, product management, and operations, primarily focused on wealth management and insurance sectors.
Achievements
Throughout his career, Michael Madden has achieved significant milestones. He played a key role in establishing a banking unit with over $2 billion in assets and supported the design and launch of a structured annuity product that reached $1 billion in sales within its first year. Additionally, he successfully reduced the risk profile of the Annuity segment by redeploying $200 million of capital through reinsurance expansion.
Previous Work Experience
Before joining Transamerica, Michael Madden held various positions at TIAA, UBS, and Ameriprise Financial Services. His roles included VP Finance at TIAA, where he served as Division CFO for both Institutional Retirement Financial Services and Individual and Institutional Sales. At UBS, he held multiple positions, including Head of Controlling and Director of Group Finance, contributing to significant growth and operational improvements in wealth management.