Deals and People

The $340 million deal is expected to transfer more than $130 billion in assets while Milliman retains its retirement and healthcare actuarial consulting business. 

Regions Bank appoints Hancock to new role, JPMorganChase names new Workplace Solutions leader; and more.

The firm also united its regional institutional business under a single national leader.

The long-tenured benefits program manager helped lead the Michigan-based food company to several industry awards.

The retirement industry veteran will work on original research, thought leadership and strategic growth for the registered investment advisory and wealth management firm.

Michael Miller will lead the company’s efforts to encourage defined contribution plans to consider adding private-market investments.

CalPERS appoints leader of total portfolio approach; SEC gains members of small business capital formation advisory committee; SPARK Institute elects governing board leadership; and more.

Lincoln Financial promotes executives to committee roles; Empower taps new lead for government, Taft-Hartley business; and more. 

Formerly a regional head for Apollo Global Management, his priorities will include selling lifetime income products.

The Standard promotes employee benefits leaders; Guardian appoints head of client solutions; InspereX names chief commercial officer; and more.

Nationwide Retirement Solutions announces new product development leader; SEC Commissioner Hester Peirce to step down; Jackson Lewis names leader for ERISA complex litigation group; and more.

Nationwide announces moves within retirement leadership; Morgan Lewis adds a partner; and more.

The roles were posted despite recent attempts to cut the agency’s staffing and budget.

The merger is expected to be completed by the end of the year.

The acquisition of the Pittsburgh-based retirement solutions provider is expected to expand Ascensus’ services for plan sponsors and other parts of the industry.

Kelly Benefits names Katherine Vahdani chief technology officer; IRIC elects Suzanne Raffaele, Mikaylee O’Connor to board; and Maryland Retirement Agency hires Marlene Timberlake D’Adamo as EDGE managing director.

Cliffwater names Sean Murray as head of retirement solutions; Greg Jenkins joins GSAM institutional DC team; SEC Deputy Director of Enforcement Jason Burt concludes tenure; and more.

Marsh appoints health practice leader; SILAC names new president; and more.

Chavez-DeRemer becomes the third Trump cabinet member to depart this year.

Justin Danhof, who joined the Department of Labor last year, announced his promotion in a LinkedIn post last week.