JPMorgan Taps Murphy for Retirement Plan Services Post

JPMorgan has named James E. Murphy as chief executive officer of JPMorgan Retirement Plan Services.

A company news release said Murphy will report to Eve Guernsey, CEO, JPMorgan Asset Management, Americas, and will join the Americas Executive Committee.

Murphy comes to JPMorgan from State Street Corporation where he served as president of CitiStreet LLC and was responsible for overseeing the health and welfare business, IT, client service, and product development, the announcement said.

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Murphy joined State Street in 1981 and has more than 30 years of industry experience. He ran CitiStreet’s Total Benefits Outsourcing division from 2000 to 2005 and was the principal and chief operating officer of State Street’s Retirement Services division from 1991 to 1998, responsible for the firm’s defined contribution plan administration and defined benefit payment operations businesses.

Lincoln Announces New Head of Product for DC and Executive Benefits

Cynthia King has joined Lincoln National Corporation as Head of Product for Lincoln Employer Markets’ Defined Contribution and Executive Benefits business segment.

In this role, King will be responsible for defined contribution and executive benefit product management, product development and pricing, product profitability management, and enterprise-wide funds management, according to a company announcement. She is based in Philadelphia and will report to Wes Thompson, president of Lincoln Employer Markets.

King comes to Lincoln from Towers Perrin where her key roles included Client Relationship Manager for a number of key clients in the Philadelphia Consulting Office and participation in the Mid Atlantic Sales Council. During her time at Towers Perrin, she was also Lead Retirement Consultant/Actuary for a number of larger clients with respect to design strategies, funding policies, accounting requirements for pension plans, retiree welfare plans, and executive retirement plans.

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King is a subject matter expert in the retirement industry specializing in pension, defined contribution, and retiree medical plans for qualified and non-qualified arrangements, the company said.

Lincoln Employer Markets, a division of Lincoln Financial Group, is focused on addressing the retirement income security needs of employers and their employees through retirement plans, group insurance, and executive benefits.

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