Michael Hegarty, the former Chase Manhattan Corp. vice chairman who resigned last month in a management shake-up, has been named chief operating officer of Equitable Cos., effective Jan. 19.

Mr. Hegarty, 53, who will also serve as president and chief operating officer of Equitable Life Assurance Society of the U.S., follows his longtime mentor, Edward D. Miller, to the insurance company. Mr. Miller was named president and chief executive officer of Equitable Cos. and its main unit five months ago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.