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Deals & People April 13, 2011
MassMutual Hires New Managing Director
MassMutual's Retirement Services Division has hired a new managing director in the southeast region – and says it will add three new sales support roles in the New York, New England and Michigan territories.
Reported by PLANADVISER Staff
MassMutual also plans to grow its sales team by several more later this year, according to the firm.
Jeffrey Keller has been appointed a managing director for MassMutual effective March 28, covering Georgia, Florida, Alabama and Puerto Rico. He joined MassMutual from New York Life where he spent 13 years in a variety of key sales and marketing leadership roles, and he most recently served as managing director and head of New York Life’s defined contribution investment only business, according to the announcement.
Stan Label, national sales manager for First Mercantile Trust Company (First Mercantile), has announced his plans to retire at the end of April after more than 40 years in the retirement plan business. Label also served as a member of the MassMutual Retirement Services sales management team for 11 years. “During his tenure as a member of the MassMutual family, Stan contributed consistently and significantly to our growth and success. His unwavering commitment to quality and knowledge of the retirement business were of immense value to the company and to the industry relationships he supported. Stan will be truly missed and we wish him all the best in his coming retirement,” Hugh O’Toole, senior vice president and head of sales and client management for MassMutual’s Retirement Services Division, said.
Upon Label’s retirement, members of his sales team will report to the regional managers in their respective territories in alignment with the company’s local team philosophy. “Retirement plan advisors and clients truly appreciate the support they receive from their local support team members,” adds O’Toole.
MassMutual’s Retirement Services Division serves approximately 1.2 million participants.