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Deals and People October 16, 2003
Manulife's Kay to Take ADP Marketing Post
October 16, 2003 (PLANSPONSOR.com) - A former
retirement services executive at Manulife USA has been named
to take over a key marketing slot at ADP Retirement
Services.
Reported by Fred Schneyer
Kendall Kay, formerly Chief Strategy Officer for Manulife USA’s Group Pension division, has taken over for Ian Sheridan, who was named as a vice president and head of marketing for MassMutual Retirement Services earlier this week (See Sheridan To Head MassMutual Retirement Marketing ). Kay, who assumed his new position October 6, is vice president of marketing, strategic planning, and business development.
Sheridan came to MassMutual from ADP where he was head of marketing and business development.
Word of Kay’s departure from Manulife comes a few weeks after an announcement that the company was purchasing John Hancock Financial Services in a stock-swap deal worth about $10.8 billion (See Report: John Hancock Could Soon be Seller or Buyer). It is not yet clear how the Hancock deal might affect the Manulife product offering, which has historically lacked proprietary investment products.