September 28, 2009
The Hartford Merges Investment, Retirement Products Into One Division
The Hartford Financial Services Group has created a new division called Hartford Life Distributors in which all sales and marketing for both investment and retirement products will be handled. This includes all strategic relationship management and business development for mutual fund, annuities, 401(k) plans and 529s.
Kevin Connor, an executive vice president with the firm, will lead Hartford Life Distributors. A life insurance industry veteran, Connor has held several important leadership positions with The Hartford in a 30-year career focused on sales and distribution management within the retirement arena.
"Hartford Life Distributors is a major step toward accomplishing our goal of providing investment and retirement solutions that are both transparent and easy for our customers to use," said Jim Davey, director of The Hartford's investment and retirement division. "It further enhances our focus on the needs of our distribution partners and our customers. With the creation of HLD and the appointment of Kevin Connor, we have the right products, structure and leadership to accelerate growth in this very important business area for The Hartford."
Citi Promotes Executives In Fund Administration
Citi's North America fund services division is gearing up for growth with several executive-level appointments in fund operations, accounting and administration.
Mark Bjorstrom, managing director, has been promoted to head of operations for the fund services, alternative investments and investment administration services business. He brings many years of operations experience to this assignment, most notably key positions at Investors Bank & Trust as global head of operations and Barclays Global Investors as head of U.S. operations.
Gerald (Jerry) McCullough has joined Citi as the new director of fund accounting. A 30-year veteran of financial services auditing and asset management, he was previously with Teachers Insurance and Annuity Association-College Retirement Equities Fund for the past 16 years.
Gregory Seward has joined Citi as the director of fund administration. He has more than 25 years of experience in financial services, most recently as vice president and treasurer for Franklin Templeton Investments. He also held senior positions in fund accounting, administration and transfer agency services at JPMorgan Chase and auditing at PriceWaterhouseCoopers.
Jeff Shiverdecker is now a director in the fund services unit, responsible for overseeing large, strategic initiatives and systems products. He comes to Citi from Fideilty, where he was head of business architecture.
"As the investment industry evolves, we continue to adapt to the increasing and ever-changing demands of our clients, regulatory bodies and the rapidly shifting marketplace," said Fred Naddaff, head of Citi's fund services business for North America. "We have the distinction of offering modular, flexible client solutions and the capabilities to support new investment products to a wide-ranging global client base."
Prudential Annuities Hires Seifert as Sales Director
Prudential Annuities, the U.S. annuity business of Prudential Financial, has hired Tim Seifert as a vice president and director of national sales.
Seifert is in charge of sales planning and execution across Prudential Annuities' independent broker/dealer, wirehouse, bank and agency distribution channels. He will also oversee its national sales managers, national sales desk and business development desk. He reports to Bruce Ferris, the senior vice president of sales and distribution for Prudential Annuities. Seifert was senior managing director for Planco Financial Services, a unit of Hartford Life.
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