Hub Names EVP of US Employee Benefits and Retirement and Private Wealth

Hub International announced appointments to the leadership teams of its U.S. employee benefits and retirement and private wealth units.

Mustafa Faizani

Effective May 5, Mustafa Faizani will assume a new role as the executive vice president of U.S. employee benefits and retirement and private wealth. Faizani will report to Jack McGrath, president of Hub’s Pacific region and a member of the executive management team.

Michael Booth succeeds Mike Barone as president of the U.S. employee benefits practice, as Barone takes on a new role at Hub focused on M&A, recruiting top talent and producer coaching/sales assistance.

Booth and Joe DeNoyior, president of Hub retirement and private wealth, will report to Faizani.

Faizani joins from Mercer, where he held several leadership positions and has extensive experience across employee benefits, retirement and private wealth and P&C; his most recent role was CEO of the US West market.

Prior to his time at Mercer, Faizani worked for 11 years in institutional investment client- and market-facing roles, including vice president for retirement plan services at Union Bank of California. He holds an MBA in finance from Pepperdine University and a bachelor’s of business administration from the University of Houston.

Booth, who has been with Hub since December 2015, will will lead Hub’s continued investments in the practice, which has more than 5,000 U.S. employee benefits professionals who provide employee benefits and consulting, health and performance, employee engagement and communication, workforce technology solutions, data and clinical analytics and compliance services.

“Mustafa is a proven leader in mobilizing sales, servicing teams and fostering collaboration across multiple lines of business. His commercial experience, and digital and artificial intelligence innovation for product development and servicing will drive further alignment between our benefits and retirement businesses,” said Marc Cohen, Hub’s chairman and CEO, in a statement. “Our retirement and employee benefits leadership’s focus and successful record in cross selling is an important contributor to our organic growth. Mustafa will further add to that strategy with proprietary go-to-market solutions that capitalize on market opportunities.”