Deals and People

Retirement Industry People Moves

Betterment Expands Board of Advisors; Northern Trust Hires Two for Taft-Hartley Business; SSGA Names Head of Americas Institutional Partnership Sales; and more.

By Javier Simon editors@strategic-i.com | May 19, 2017
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Betterment Expands Board of Advisors  

Tech-focused 401(k) provider Betterment for Business welcomes Judy Mares and Laraine McKinnon to its Board of Advisors. Each brings more than 20 years of experience in the defined contribution (DC) market to the table.

Mares served as deputy assistant secretary for Policy in the Employee Benefits Security Administration of the U.S. Department of Labor (DOL) from 2013 until January 2017. While at the DOL, she was part of the team that designed the fiduciary rule as well as guidance on ESG investing. She’s also served as a chief investment officer for several Fortune 500 companies.

McKinnon spent more than two decades at BlackRock, where she most recently served as a retirement readiness strategist. McKinnon built and delivered DC tools and analytics to support senior finance and human resources executives as well as top financial advisers.

"We are thrilled to have Judy and Laraine join our Board of Advisors," says Cynthia Loh, general manager of Betterment for Business. "Their deep expertise in the defined contribution space and strong advocacy for retirees will help further our mission to empower people to take control of their financial futures and make the most of everything they earn." 

NEXT: Northern Trust Hires Two for Taft-Hartley Business