Retirement Industry People Moves

Morgan Stanley adds hires to financial solutions team; The Standard promotes defined benefits director; and PCS hires VP of service.

Art by Subin Yang

Art by Subin Yang

Morgan Stanley Adds Hires to Financial Solutions Team

Morgan Stanley has hired two financial professionals for its Morgan Stanley at Work team.

Krystal Barker Buissereth, who served on the Digital Strategy team at Goldman Sachs and is a CFA charterholder, has joined Morgan Stanley to lead Financial Wellness, reporting to Marc McDonough. In her previous role, Buissereth provided leadership for the development of new product and service offerings across employer financial wellness programs and direct to consumer wealth management services for the Ayco and Goldman Sachs wealth management businesses.

Marc McDonough, former SVP of Workplace Financial Solutions at Charles Schwab, joined Morgan Stanley in mid-May as head of Workplace Experience and Sales Enablement, reporting to Brian McDonald, head of Morgan Stanley at Work. In this role, McDonough is overseeing Financial Wellness, Education and Content, Field Sales Support, Digital Experience, Field Training and Corporate Participant Experience. In his previous role at Schwab, McDonough’s teams supported over 2,200 clients with equity compensation, designated brokerage, and financial wellness programs.

Morgan Stanley at Work offers a suite of workplace financial solutions, including Retirement, Financial Wellness and its new equity management offering, Shareworks by Morgan Stanley.

The Standard Promotes Defined Benefits Director

Standard Insurance Company (The Standard) has promoted Rob Vidin to second vice president and actuary for Retirement Plans.

In his new role, Vidin will run the defined benefits (DB) business within the Retirement Plans team, evaluating adjacent opportunities to complement the existing DB offering.

Vidin joined The Standard in 2016 as the senior director of Defined Benefits. Prior to joining The Standard, he served as a consulting actuary at Venuti & Associations, Rael & Letson and Mercer.

Vidin earned a bachelor’s degree in economics at Portland State University. He is an Associate of the Society of Actuaries, and Enrolled Actuary and a member of the American Academy of Actuaries.

PCS Hires VP of Service

PCS, LLC (PCS) has hired Stephen J. Carney as vice president of service.

Carney will optimize PCS’ approach to customer service for clients in the qualified retirement market, leveraging more than 20 years of leadership experience in financial operations, risk and sales.

Prior to joining PCS, Carney managed the delivery of regulatory, financial and consultative services to clients at Ascensus. Earlier in his career, he directed service operations for CitiStreet Total Benefits Outsourcing and State Street in Jacksonville, Florida. He managed teams responsible for defined contribution, defined benefit and health and welfare platforms, plus benefits consulting for qualified and non-qualified defined contribution plans.

“I’ve dedicated my career to improving the customer experience for clients in need of comprehensive benefit solutions,” says Carney. “I’m excited to join PCS to help advisers, plan sponsors and participants better prepare for retirement by improving their experience with our platform.”

Carney received a bachelor’s degree in finance and financial management services from Saint Anselm College.