Until then, both brands—owned by parent Aegon—continue to exist, said Stig Nybo, president of pension sales and distribution at Transamerica Retirement Solutions.
Speaking to PLANSPONSOR, Nybo said both brands will move under the Transamerica Retirement Solutions umbrella, run by Peter Kunkel, who reports into Kent Callahan, President and CEO of Employer Solutions and Pensions, a division of Transamerica. The newly-formed Transamerica Retirement Solutions Group is divided into four areas: operations, distribution, investments and retirement.
In late August, there were some changes to the companies' reporting structure, though the companies are still employing the “same talented people on board as we’ve historically had,” Nybo said.
In his new role, Nybo reports to Kunkel. Reporting to Nybo are Jason Crane, senior vice president and head of sales at Transamerica Retirement Services, and Joe Masterson, SVP and head of sales at Diversified. Also reporting to Nybo is Todd Lacey, senior vice president of strategic distribution at Transamerica, is running business development. Peggy Santhouse, vice president and head of national distribution and business development at Diversified, reports to Lacey.