Deals and People

Principal and Wells Fargo leadership have revealed their technology plans for serving the nonqualified and employee stock ownership plan sides of the combined business.

Principal Global Investors selects global managing director; Mercer announces multiple appointments; Pentegra hires new head of Sales and Marketing; and more.

TRA acquires retirement consulting and administration firms; AIG elects CEO of institutional investment unit; Shroders announces changes to North America leadership team.

NAGDCA elects 2020 governing officers and Wagner Law Group adds ERISA attorney.

T. Rowe Price builds up target-date team, and Wells Fargo board of directors names CEO and president.

Creative Planning already has a well-established 401(k) offering, but the acquisition will open up its market reach to smaller plans.

Past PIMCO and Goldman Sachs exec joins Retiree, Inc., and Mercer Health adds principal to Dallas office.

Seyfarth Shaw announces ERISA expert as partner; OneAmerica adds regional VP; Mercer appoints Western region leaders; and more.

“We will do everything we can to make this a non-event for plan sponsors and participants,” says Renee Schaaf, Principal’s president of retirement and income solutions.

Parametric names director of Liability Driven Investment Strategies; Large and mega market regional directors join Transamerica; Strategic Investment Group selects managing director for relationships team; and more.

SageView Advisory adds consultant to Phoenix division; Lockton selects retirement expert for Southeast practice; Prudential Financial announces series of hires and promotions; and more.

Morgan Stanley makes changes to Wealth Management division; Mercer hires Wealth leader for Philadelphia office; and Nationwide selects retirement plan distribution leader.

AndCo names new senior consultant; Private equity director joins Hirtle Callaghan; Empower Retirement selects chief product officer; and more.

BPAS and F&M Trust link regional retirement plan businesses; Grant Thornton adds Advisory Services principal; Nuveen updates portfolio management group for two funds; and more.  

Custodia adds former Pfizer HR chief to advisory council, and IRS names leader for Tax Exempt/Government Entities division.

The focus of the newly independent ShareBuilder 401k will be on expanding coverage among small companies, says its president.

Beltz Ianni & Associates selects Retirement Plan Services manager; Jackson Lewis P.C. hires employee benefits practitioner; Nationwide veteran succeeds former president and COO; and more.

TIAA hires chief customer officer; Northern Trust announces COO for global foreign exchange; CapAcuity merges with executive benefits firm; and more.

QMA announces chief business officer; Nationwide appoints leaders to financial services business; and former financial services CEO joins Custodia's advisory council.

Drawing on his experience leading a sizable integration of two recordkeepers, the CEO of John Hancock Retirement Plan Services offers some insight about Principal’s acquisition of Wells Fargo...