Stephens Insurance Names New CEO, Chief Strategy Officer

Korosh Saba has been named president and CEO of Stephens Insurance LLC, an affiliate of Stephens Inc. of Little Rock, in a move that corresponds with the departure of longtime Stephens Inc. CEO Warren Stephens.

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Saba follows Miles Stephens as the head of Stephens Insurance. Miles Stephens and his brother John were named co-CEOs of Stephens Inc. on Tuesday, following their father Warren and grandfather Jack as leaders of the family-owned financial services firm. Warren Stephens retired after 39 years as CEO as he prepares for a role as ambassador to the U.K. under President-elect Donald Trump.

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Saba joined Stephens Insurance as a senior vice president in 2019. Prior to that, he was part of Stephens’ investment banking division within the power and industrial technology group. He began his career at Stephens in the firm’s equity research department in 2011. Saba earned his master’s in business administration from the University of Chicago and is an honors graduate of the University of Arkansas.

“Korosh is an exceptional leader who consistently provides outstanding client service,” Miles Stephens said in a statement. “His insight, work ethic, and guidance have proven invaluable to clients, Stephens Insurance professionals, and the broader firm. I am incredibly proud of Korosh and am confident he will excel as President and CEO of Stephens Insurance.”

The company also named Lizzie Phillips Sanford as chief strategy officer of Stephens Insurance. She joined the company in 2019 as chief information officer. Prior to that, she started her own firm, Rock Analytics, which specialized in data visualization solutions, and was a director and senior economist at business management consultancy Keybridge in Washington, D.C. Sanford holds a master’s of public administration in economics and health policy from Princeton University and is a graduate of Rhodes College in Memphis.

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“Lizzie has been an integral part of our team for more than five years and has demonstrated a great capacity for data driven results,” Miles Stephens said. “She has a uniquely diverse background in analytics and economics that brings together different data points to show a new side of challenges and opportunities. As Chief Strategy Officer, Lizzie will further our ability to serve client needs with greater insights and a broader slate of solutions.”

Stephens Insurance employs about 200 people across its network of offices in Little Rock, Fayetteville, Houston, Dallas, Birmingham and Jackson. The company has more than 2,800 clients.