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Share this…FacebookPinterestTwitterLinkedin Mercer Names U.S. Outlined Contribution Chief Mercer has named Holly Verdeyen as its U.S. outlined contribution (DC) chief….

By Staff , in Investments , at January 15, 2022



Mercer Names U.S. Outlined Contribution Chief

Mercer has named Holly Verdeyen as its U.S. outlined contribution (DC) chief.

Primarily based in Chicago, Verdeyen’s tasks embody managing the technique, growth and development of Mercer’s DC and monetary wellness enterprise throughout the U.S. She’s going to report back to Chris Mahoney, U.S. wealth chief

“The outlined contribution house is in a interval of thrilling however fast change, with new challenges and alternatives prompting plan sponsors to re-evaluate their governance fashions,” Verdeyen says. “The legislative agenda is filled with proposals to bolster retirement protection and adequacy, and employers are in a singular place to broaden retirement plan entry whereas nonetheless affording members flexibility. I’m very excited to hitch a group of specialists who’re working with main organizations to sort out retirement plan challenges.”

Verdeyen brings greater than 20 years of institutional funding expertise to Mercer. Most not too long ago, she was the top of outlined contribution at Russell Investments, the place she led the U.S. institutional and middleman DC enterprise models, which included conventional outsourced chief funding officer (OCIO), target-date funds (TDFs) and customized multi-asset mandates. She was answerable for Russell Investments’ funds distributed to DC plans by way of monetary intermediaries, in addition to customized managed accounts and mannequin portfolios.

Previous to that, Verdeyen served as an government director in outlined contribution at UBS. She started her profession at BlackRock, as a enterprise growth officer within the outlined contribution group. Verdeyen earned her MBA from Northwestern College and her bachelor’s diploma from St. Norbert Faculty.

PBGC-Targeted Regulation Agency Joins The Wagner Regulation Group

Marcia Wagner, the managing director of The Wagner Regulation Group, has introduced that all the group from Keightley & Ashner, a Pension Profit Warranty Company (PBGC)-focused legislation agency, might be becoming a member of The Wagner Regulation Group’s Washington, D.C., workplace.

Within the combination, this expanded PBGC group has 165 years of expertise working for PBGC, and, within the combination, 100 years of expertise offering authorized or different skilled providers to employers and others dealing with PBGC points. The expanded PBGC group at The Wagner Regulation Group will deal with the complete vary of PBGC-related points which may be encountered by employers, actuarial companies, different legislation companies, funding banking companies or personal fairness companies.

Harold J. Ashner, who joins The Wagner Regulation Group as a accomplice, advises and represents purchasers on all kinds of worker advantages issues, with an emphasis on PBGC points. He served as assistant basic counsel for laws and rules at PBGC, the place he drafted or supervised nearly all rules and insurance policies issued by PBGC from 1988 till he left the company in 2005.

Linda E. Rosenzweig advises and represents purchasers on a broad vary of issues involving worker advantages and employment issues, together with PBGC issues, having practiced in these areas for greater than 40 years. She has represented employers in administrative and court docket proceedings arising beneath the Worker Retirement Revenue Security Act (ERISA) and federal employment legal guidelines and has dealt with personal litigation (together with U.S. Supreme Courtroom and federal court docket instances) on behalf of employers in addition to on behalf of PBGC throughout her PBGC tenure.

Deborah West advises purchasers on all kinds of PBGC-related points, drawing on her 12 years of expertise with Keightley & Ashner and her 25-year tenure with PBGC. She served as PBGC senior assistant basic counsel for ERISA/chapter issues from 1996 till she left PBGC in 2005, supervising lots of of instances involving the complete gamut of PBGC points, together with instances involving employer legal responsibility out and in of chapter; normal, misery and involuntary terminations; participant profit entitlement; conflicts between ERISA and different federal legal guidelines; fiduciary breaches; evasion and avoidance transactions; and PBGC’s Early Warning Program.

John F. Langhans works intently with legal professionals in advising purchasers on a wide range of actuarial points, with an emphasis on these arising beneath Title IV of ERISA. He served as deputy supervisor of PBGC’s actuarial providers division for many of his 14 years on the company, thereafter becoming a member of Keightley & Ashner as senior actuarial adviser in 2008. Whereas at PBGC, he was extensively concerned within the Early Warning Program and in chapter litigation, and he served as an professional witness for PBGC on all kinds of actuarial issues. Previous to his PBGC employment, he had over 20 years of expertise as a consulting actuary.

Ellan Hamilton Spring works intently with legal professionals in advising purchasers on a wide range of points referring to how PBGC determines and pays advantages when it takes over a terminated pension plan. Previous to becoming a member of Keightley & Ashner as its senior PBGC advantages adviser in 2010, she had a 27-year profession at PBGC and one other eight years as a marketing consultant to PBGC. She served as PBGC’s major program official on profit coverage, having created and headed the company’s central profit coverage workplace.

Jonathan L. Henkel works intently with legal professionals in advising purchasers about misery terminations, plan termination and different liabilities, and different issues involving negotiations with PBGC. Earlier than becoming a member of Keightley & Ashner as its senior PBGC negotiations adviser in 2016, he had a 30-year profession at PBGC, and one other seven years as a senior monetary analyst with Deloitte, the place he supported PBGC by negotiating and valuing employer legal responsibility settlements. Throughout his PBGC tenure, he served as supervisory auditor for PBGC’s plan termination insurance coverage program and labored intently with PBGC attorneys, actuaries and different monetary analysts in making plan termination and trusteeship determinations and negotiating settlements for PBGC.

Schroders Appoints North America Head of Sustainability

Schroders has introduced that Marina Severinovsky will be a part of Schroders’ international sustainable funding group within the position of head of sustainability, North America.

On this position, Severinovsky, who is predicated in New York, will lead the sustainability efforts and environmental, social and governance (ESG) integration for Schroders’ investments in North America. She’s going to collaborate with senior managers on market technique, consumer communications, product growth, gross sales and investor administration. Severinovsky will report back to Andy Howard, international head of sustainable funding, and regionally to Tiffani Potesta, chief technique officer, North America.

Severinovsky has been with Schroders for greater than 11 years, most not too long ago because the funding director for the quantitative fairness merchandise (QEP) group. She has additionally served in numerous roles throughout relationship administration, funding technique and alternate options.

Individually, Schroders introduced that Sarah Bratton Hughes, who beforehand was head of sustainability, North America, has left the agency.

Ninety One Appoints Senior Analyst, Latin America

Ninety One has introduced the appointment of Christine Reed as senior analyst, Latin America, becoming a member of the rising markets (EM) sovereign and international alternate (FX) group. Primarily based in New York, Reed might be answerable for Latin American protection and can assist the alpha decisionmaking course of throughout funding capabilities.

She joins Ninety One from Goldman Sachs Asset Administration, the place she was vp, head of rising markets native debt, answerable for all rising markets charges positions taken globally throughout the agency’s EM devoted methods and crossover belongings. Previous to this, Reed was an affiliate at Citigroup on its Latin American fastened earnings and FX buying and selling desk, the place she was a market maker of fastened earnings and FX merchandise in nations together with Colombia, Brazil, Chile, Peru, Uruguay and the Dominican Republic. She has a Bachelor of Arts in economics, and a secondary diploma in international well being coverage from Harvard College. 

“Christine brings intensive expertise throughout the complete rising market spectrum and specifically Latin America,” says Peter Eerdmans, head of fastened earnings, Ninety One. “Moreover, her in-depth data and understanding of EM sovereign bonds, rate of interest swaps, FX spot and forwards might be an asset to the group as we additional develop our funding capabilities. Christine is the second rent to the EMD group primarily based in New York, underscoring our dedication to the North American market.”

Voya Pronounces Numerous Market Phase Chief

Voya Monetary has appointed Jay Washington to the newly created place of assistant vp (AVP), various market section.

Washington is targeted on partnering with Voya’s enterprise groups and inside companions to allow Voya to raised serve the varied wants of its equally various buyer base. He can have a direct affect on distribution technique, the positioning of Voya’s options and the engagement of goal shoppers in choose designated market areas. Particularly, Washington might be offering total enterprise growth management of multicultural gross sales development together with, however not restricted to, Hispanic, Asian, African American and ladies’s markets.

Washington joined Voya practically two years in the past as a consumer relationship supervisor (CRM) supporting Voya’s small-mid company market. Throughout his tenure as a CRM, he efficiently managed a ebook of enterprise all through the larger New York space together with New Jersey, Delaware and Philadelphia, serving to make connections with key advisers and companions to forge new relationships and drive new enterprise.

Washington was additionally very important to the success of Voya’s first range, fairness and inclusion (DE&I) job pressure—during which he was a taking part member. Primarily based out of Wilmington, Delaware, he spent a big portion of his profession earlier than becoming a member of Voya in consumer relationship, gross sales and consulting roles with TIAA-CREF and One America.

“At Voya, we’re always targeted on enhancing the ways in which we will help our purchasers with their rising wants. I’m thrilled for Jay to be taking up this new position and for the alternatives that we must additional serve the precise wants of underserved communities,” says Invoice Harmon, chief consumer officer at Voya. “Jay’s ardour, power and fascinating method will proceed to lead to improbable development for our group and I look ahead to seeing his continued success right here at Voya.”

Washington graduated from Indiana College of Pennsylvania with a bachelor’s diploma in economics and journalism and obtained his MBA from Level Park College. As well as, he holds licenses and certificates in monetary planning and providers, retirement earnings and worker advantages and is an Accredited Funding Fiduciary.

Aon Names Head of North America Well being Options

Aon has introduced the set up of Farheen Dam because the agency’s head of North America well being options.

Dam involves Aon with greater than 24 years within the business, together with a powerful mixture of experiences in consulting (Mercer), medical insurance (Cigna) and most not too long ago InsurTech (Buoy Well being).

“This various background will allow Farheen to have a holistic understanding of purchasers’ wants in addition to deliver contemporary views and various insights to this essential management position,” says Dave Guilmette, CEO of Aon’s international well being options observe.

Dam will be a part of the agency’s North America and well being options management groups and might be primarily based out of Aon’s New York Metropolis workplace.

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