Carl McDonald Joins Health Care Service Corporation as Divisional Senior Vice President, Treasury and Business Development

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Jun 16, 2015, 08:00 ET

CHICAGO, June 16, 2015 /PRNewswire/ -- Health Care Service Corporation (HCSC), the nation's largest customer-owned health insurer, today announced that Carl McDonald has joined the company as divisional senior vice president, treasury, investments and business development. In this new role, McDonald will report to Kenneth Avner, senior vice president and chief financial officer, and have responsibility for managing/overseeing HCSC's treasury, investments and business development operations.

"Carl will be a tremendous addition to the HCSC financial operations and investment teams. He is a respected and accomplished industry financial analyst and brings a unique perspective and deep expertise to this role," said Kenneth Avner. "His leadership and experience will be critical as we continue to grow, change and expand our business in this evolving health care environment to best meet our members' varying health care needs."

McDonald comes to HCSC from Citigroup, where he most recently served as an equity research analyst, tracking and analyzing the health insurance industry. Institutional Investor magazine ranked him one of the top industry analysts in its All America Research survey.

McDonald holds a B.A. in Economics as well as American Studies from Brandeis University in Waltham, Mass. He is a Chartered Financial Analyst, and a member of the CFA Institute and the Boston Society of Security Analysts.

About Health Care Service Corporation
Health Care Service Corporation is the country's largest non-investor-owned health insurer and fourth largest health insurer overall, with more than 15 million members in its Blue Cross and Blue Shield plans in Illinois, Montana, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. For more information, please visit HCSC.com, visit our Facebook page or follow us at http://www.twitter.com/HCSC.

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SOURCE Health Care Service Corporation