Calvert Names Institutional Sales Director

The firm hired Michael Davis as director of institutional sales.

As leader of the institutional business at Calvert Investments, which specializes in sustainable and socially responsible investing, Davis is responsible for developing new clients among corporate pension plans, foundations, endowments and various other institutions.

Before joining Calvert, Davis worked as a senior vice president and head of the stable value business at Prudential Retirement. He also led Prudential’s in-plan and third-party stable value product management and development team.

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Earlier roles include service as deputy assistant secretary of the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) during President Obama’s first term. Davis also worked for J.P. Morgan Chase & Company, where he moved through several jobs to serve as managing director and head of the west region institutional client group.

Davis holds a bachelor’s degree in finance from the University of Texas at Austin and a master’s degree in public policy from the John F. Kennedy School of Government at Harvard University.

Firms Launch Retirement Education Series

Mercer and the Stanford Center on Longevity released the first article in a series on the challenges facing workers and employers in generating retirement income.

The first article, “It’s Time to Rise to the Retirement Income Challenge,” examines such topics as protecting income throughout a lengthy retirement, surviving market volatility and ensuring savings contributions are hitting levels sufficient for a secure retirement.

The wider series is based on a report published earlier this year from Mercer and will investigate a range of issues. These range from the way exposing plan participants to an aged, digital version of themselves impacts savings behavior to more practical questions, such as what difference an employer’s involvement can make on a typical retiree check. (See “Securing Retirement Outcomes for Employees.”)

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To learn more on the series and to view the first article, readers can visit www.mercer.com/mercer-stanford.

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