Last year Bob Reynolds
merged three businesses to create Empower
, the second-biggest retirement plan provider in the business. The Putnam
] chief (who now also leads Putnam sibling Great-West Financial
and Putnam parent Great-West Lifeco U.S.) put one of his key lieutenants, Ed Murphy
, in charge
of Empower. Murphy is putting his leadership team in place. Fundsters with DC I-O teams or aspirations, pay attention.
When Murphy took over Empower in the fall, he laid out the first layer beneath him with executives from each of the three combined retirement plan providers (Great-West, Putnam, and J.P. Morgan): Van Harlow
leading strategic solutions; Stephen Jenks
leading marketing; David Musto
overseeing the large and mega markets, as well as 403(b)s; and Charlie Nelson
over core and government markets as well as the FASCore
outsourced recordkeeping business.
Last week Murphy told MFWire's
sister publication, 401kWire
, next rung of his leadership team.
, a Fidelity veteran (like Murphy and Reynolds) who worked at Goldman before joining J.P. Morgan, continues to report to Musto and now leads Empower's large and mega market sales and relationship management.
, a Great-West veteran, now leads Empower's core market sales and reports to Nelson.
, a Pru alumnus who also worked at American Century, J.P. Morgan and Wells Fargo, and joined Great-West in 2013, now leads specialty market sales (like 403(b)s) and reports to McDermott.
, another Fido veteran, now reports to McDermott and leads Empower's large and mega market relationship management.
, a Hartford and MFS alumnus who most recently worked at Putnam, now leads large market sales and reports to McDermott.
, another Great-West veteran, reports to Nelson and leads Empower's government market sales.
And Lee Stevens
, a J.P. Morgan veteran, reports to McDermott and leads Empower's mega market sales.
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