Retirement Industry People Moves
T. Rowe Price appoints senior ESG leader; Alerus names new retirement executive; Voya hires chief information security officer; and more.
Federated Hermes Names New VP in West Region
The responsible investment firm Federated Hermes Inc. has hired Scott Kelley as vice president and senior retirement consultant, western region.
Kelley reports to Stephen Cronin, senior vice president and national sales manager of retirement.
Kelley joins Federated Hermes with more than 20 years of industry experience, most of it as a retirement plan and plan sponsor relationship manager. Previously, Kelley served as an employee benefits specialist at Bank of America Merrill Lynch in Portland, Oregon. Prior to that, he was a vice president and senior retirement consultant at Oppenheimer Funds.
Kelley replaces the senior vice president and senior retirement consultant Steven Cohen, who is retiring after nearly three decades at Federated Hermes.
Headquartered in Pittsburgh, Federated Hermes has nearly 2,000 employees across London, New York, Boston and other offices worldwide.
Newfront Adds Fiduciary Expert
The retirement services team at Newfront has expanded with the hire of Rich Schainker.
Schainker joins Newfront from Bank of America, where he served as director of employee benefits for nearly three years. Previously, he was a senior regional vice president in retirement plans at Invesco for 19 years; he also served in leadership roles at John Hancock, Principal Financial Group and T. Rowe Price.
Based in San Francisco, Schainker will serve clients across the country.
Newfront specializes in the delivery of risk management, employee experience, insurance and retirement solutions, with an emphasis on transparent data delivered in real time. Headquartered in San Francisco, the firm has offices throughout the country and more than 750 employees.
T. Rowe Price Group Names ESG Enablement Head
T. Rowe Price Group Inc. has announced that Poppy Allonby will join the firm next month as head of ESG Enablement.
In this new role, Allonby will join the firm’s environmental, social and governance leadership committee and help execute the firm’s ESG strategy. In alignment with T. Rowe Price’s business strategies and ESG investing capabilities, she will oversee the firm’s corporate ESG positioning, global ESG product range, regulatory engagement and go-to-market approach.
Allonby will be based in London and report to Eric Veiel, head of global equity and member of the management committee, with oversight responsibility for the firm’s ESG investing, corporate and operational activities.
Most recently, Allonby was head of global product in key regions for BlackRock, where she worked on developing and delivering the sustainable product strategy for its active investment business. She was also responsible for product strategy, product development and structuring and ongoing investment oversight. She serves on the external advisory board of the Massachusetts Institute of Technology Energy Initiative, MIT’s hub for energy research, education and outreach.
NMG Consulting Acquires Chatham Partners
NMG Consulting Inc. has acquired Chatham Partners.
The Chatham Partners team, led by President and CEO Peter Starr, will become a part of NMG Consulting and continue to deliver research and insights to U.S. clients.
According to the firms, NMG’s U.S. growth strategy seeks to expand its range of North American offerings to include a specialist strategy consulting practice integrated with internally produced insights and data analytics. NMG’s leadership says the Chatham Partners acquisition will be instrumental in building this platform.
The Chatham team will continue to operate under Starr’s leadership.
Alerus Names New Retirement Director
Alerus has announced the promotion of Rob Woytassek to senior vice president and director of retirement and benefits.
In this role, he is responsible for the direction, development and oversight of Alerus’ retirement and benefits plan products, ensuring their seamless delivery to clients. He is also responsible for leading product-focused team members in the retirement and benefits division and driving continued innovation across product areas while maintaining a high level of client service.
As a senior vice president, Woytassek joins Alerus’ senior management team and will play a direct role in shaping the company’s strategic decisions and organizational management.
Woytassek joined Alerus in 2012 and has served in a variety of roles, including retirement account manager, retirement client service manager and director of product management. He has nearly 20 years of experience in the financial services industry and has specialized in retirement services for his entire career. He holds a bachelor’s degree in mass communications from Minnesota State University Moorhead and is a graduate of the Dale Carnegie training program.
Neal Gerber Eisenberg Names New Partner
Andrew Douglass as has joined the law firm Neal Gerber Eisenberg as a partner in the employee benefits and executive compensation group.
Douglass advises private and public companies on tax-qualified and non-qualified health and welfare plans, retirement plans, executive compensation and other employee benefit arrangements. He manages plan design, administration, governance, participant claims and appeals, fiduciary responsibility issues and disclosure and reporting requirements under the Employee Retirement Income Security Act and the Internal Revenue Code.
Douglass also negotiates agreements with plan service providers and represents clients in audits and related matters before the IRS, the Department of Labor and the Pension Benefit Guaranty Corporation. He handles employee benefit issues for individual employment and severance agreements and withdrawal liability and delinquent contribution demands from multi-employer plans.
Douglass received his law degree from Saint Louis University and his bachelor’s degree from Miami University.
Voya Hires Chief Information Security Officer
Stacey Hughes has joined Voya Financial Inc. as a senior vice president and chief information security officer.
In this role, Hughes will be responsible for advancing Voya’s vision and strategy for its information security program and supporting Voya’s focus on providing products, solutions and technologies.
According to the firm, Hughes will work to align Voya’s information security investments and capabilities. She will lead the effort to anticipate and proactively mitigate information security risks while also supporting business growth and innovation.
Hughes will report to Santhosh Keshavan, chief information officer of Voya. She will be “one of many leaders” practicing a hybrid-working model from Atlanta, Georgia, the firm says.
Hughes holds a bachelor’s degree in business administration from Wayne State College and an MBA from DeVry University-Keller Graduate School of Management.
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