According to a company press release announcing the appointment, Armstrong will keep his current job as president of American Express Retirement Services, a retirement plan service provider. He will oversee a combined total of more than 1,000 employees and $60 billion in managed assets, the company said.
Armstrong has been with American Express Retirement Services since 1984. He was promoted to national sales manager in 1988 and senior vice president of sales, marketing and investment services in 1993. Three years later, he captured the American Express Retirement Services president’s job.
Armstrong will continue to report to Steve Roszell, senior vice president of American Express Institutional Group.