Retirement Industry People Moves

ASPPA welcomes new president; John Hancock names Taft-Hartley director; and T. Rowe Price expands mega market sales team.
ASPPA Welcomes New President
The American Society of Pension Professionals & Actuaries welcomes Richard A. Hochman as its new president.

Hochman is the director of Retirement Plan Consulting Services at Actuarial Systems Corporation (ASC), where he leads a team of experts providing best-practice solutions for a range of administrative issues faced by industry practitioners. He regularly participates as an instructor in continuing education programs, at in-house programs, and at a variety of pension industry forums such as ASPPA and the National Institute of Pension Administrators (NIPA). He was the recipient of ASPPA’s Educator of the Year Award in 2012. As a longtime ASPPA volunteer, he has worked with both the Government Affairs and the Conferences Committees, and has also chaired the Annual Conference and General Conferences Committees.

Hochman assumes the role with the introduction of new officers: President-Elect, Adam C. Pozek, and Vice President James R. Nolan. Joining the ASPPA Leadership Council are Justin Bonestroo, Robert M. Kaplan and Frank Porter, QKA, QPA.

ASPPA is part of the American Retirement Association, a non-profit professional organization established to educate all types of retirement plan professionals, and to preserve and enhance the employer-based retirement plan system as part of the development of a cohesive and coherent national retirement income policy.

NEXT: John Hancock Retirement Services Names Taft-Hartley Director

John Hancock Retirement Services Names Taft-Hartley Director
John Hancock Retirement Plan Services has named Joseph Gallagher,director, Taft-Hartley, Employment Retirement Income Security Act (ERISA) consultant. He is tasked with helping Taft-Harley plan sponsors remain compliant with ERISA and the Internal Revenue Code (IRC), while also ensuring these plan sponsors are meeting their participants’ needs.

Gallagher joined John Hancock in 2003 and served numerous roles including leading the ERISA Complaince & Government Reporting. Previously, he oversaw a group providing daily plan administration to corporate 401(k) and Taft-Hartley plans. He also managed a legal team within John Hancock's ERISA Services division.

"Servicing the unique needs of Taft-Hartley clients and participants is a priority for John Hancock and we're excited to have Joe take on this important role on our team," says Patrick Murphy, president, John Hancock Retirement Plan Services. "His experience makes him uniquely qualified to help us serve our Taft-Hartley clients."

Gallagher earned a bachelor’s degree in business management from Springfield College, and holds a FINRA Series 6 license.

NEXT: T. Rowe Price Expands Mega Market Sales Team

T. Rowe Price Expands Mega Market Sales Team

T. Rowe Price Retirement Plan Services has hired Christine Carolan to join the Retirement Plan Services Sales team as vice president and senior retirement sales executive. In this new role, Carolan will focus on mega market prospects and work directly with plan sponsors as well as with consultants and advisers in the Western region of the United States.

David Kasparian, vice president and senior retirement sales executive, will be transitioning into a mega market sales role for the Eastern region of the U.S. 

“Both Christine and David have deep expertise in the defined contribution (DC) market and proven skills that will be instrumental for the continued growth our record keeping business,” says Kevin Collins, head of sales at T. Rowe Price Retirement Plan Services. “We look forward to not only the impact they will have on growing our mega market client base, but the continued expansion of our sales efforts across the country.”

Carolan has more than 20 years of experience in the DC industry, including prior sales experience at T. Rowe Price from 1996 to 2010. Before joining T. Rowe, she served as investment sales director at Mercer, elling and marketing investment consulting services throughout the Western U.S.

Kasparian has been with T. Rowe Price for almost two years. He has more than 18 years of retirement sales experience with several leading recordkeeping firms. Prior to joining T. Rowe Price, he was a vice president of Retirement Plan Sales at Schwab Institutional for more than twelve years, and he held various positions during his six years at Fidelity Investments.