BRADENTON, Fla. — William “Bill” J. Taggart is the new president and chief executive officer of Atlanta Life Financial Group, the firm’s board of directors announced Monday.

Atlanta Life is the parent company of Jackson Securities, an investment bank that specializes in municipal finance, corporate underwriting, and equity execution.

Taggart, who will take over the helm of Atlanta Life on July 18, will replace William A. Clement, who retired earlier this year.

Taggart has more than 27 years of experience with Fortune 500 companies, entrepreneurial ventures, and federal government agencies, according to board chairman Egbert L. J. Perry.

“The board is extremely pleased with the selection of Mr. Taggart,” Perry said in a written statement. “Mr. Taggart possesses the specific background and experience required to help steer the Atlanta Life Financial Group and its subsidiaries as they continue their development as a pre-eminent national financial services company.”

Before joining Atlanta Life, Taggart was chief operating officer for the Office of Federal Student Aid.

Before that, he worked for Wachovia Corp., where he held several posts, including COO of corporate investment banking. He also was the founder, president, and CEO of Veritas One Consulting LLC, a firm specializing in strategy execution planning.

“I welcome the opportunity to return to the private financial sector and am prepared to diligently work towards ensuring the continued growth and development of Atlanta Life Financial Group and its subsidiaries,” Taggart said.

Taggart, an Atlanta native, is a graduate of Howard University and received his master’s degree from Harvard Business School.

Atlanta Life is a privately held African-American financial services company. Its subsidiaries also include Herndon Capital Management, an institutional investment firm specializing in large capitalization equity strategies, and Atlanta Life Insurance Co.

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