Schott to Lead Northwestern Mutual's Compliance Department

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Oct 01, 2013, 11:00 ET

MILWAUKEE, Oct. 1, 2013 /PRNewswire/ -- Northwestern Mutual is announcing the promotion of Sarah E. Schott to head the compliance/best practices department at Northwestern Mutual. Effective today, Ms. Schott will become an executive officer, vice president, and chief compliance officer.

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Schott joined Northwestern Mutual's law department in July 2007 as assistant general counsel assigned to investment products and advisory services. She subsequently served as director - strategic planning and consulting and as director – specialty life underwriting in the new business department. She also served as secretary to the company's management and strategy execution committees.

"Compliance and best practices is an extremely important function at Northwestern Mutual, and Sarah's skills and experience make her eminently qualified to lead this area," said John E. Schlifske, Northwestern Mutual chairman, president and chief executive officer.

Prior to joining Northwestern Mutual, Schott spent four years at B.C. Ziegler and Company, first as assistant general counsel and later as senior managing director - general counsel. From 2000 through 2003, she was an associate at Wildman, Harrold, Allen & Dixon, a national law firm headquartered in Chicago.

Schott is a 1997 graduate of Lawrence University, a member of the Lawrence University board of trustees, and a 2000 graduate of Duke University School of Law. She and her husband Brian King have two sons.

About Northwestern Mutual

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with $1.4 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments. Further information can be found at http://www.northwesternmutual.com.

SOURCE Northwestern Mutual