Retirement Industry Deals & People Moves – 2/13/2026

Citi Wealth Hires Heads of Multi-Asset-Class Solutions, Portfolio Construction

Olaolu Aganga

Matt Hoehn

Citi Global Wealth Investments, a division of Citigroup Inc., hired Matt Hoehn as head of multi-asset-class solutions and Olaolu Aganga as head of portfolio construction.

Previously, one person headed both multi-asset-class solutions and discretionary alternatives, a firm spokesperson confirmed to PLANADVISER. Victor Leong recently held the MACS role, according to a March 2025 filing from Citi. Christopher DiStaulo, who was a director and portfolio manager within Citi’s private alternatives business, now serves as the head of discretionary alternative solutions.

Hoehn previously served as a managing director at Blackstone. He joined Citi Wealth on February 2 and reports to Kerry White, head of Citi Investment Management, according to an internal memo obtained by PLANADVISER.

Aganga, who started her career at Citi in 2003 in the markets business, rejoined the firm from Mercer, where she had served as the U.S. CIO since 2023, according to another internal memo. Before Mercer, Aganga served as an adviser and product specialist in Goldman Sachs’ liquid alternatives and public markets business, then as a managing director at BlackRock from 2018 until 2023.

Hub International Appoints Vice President, Private Client Risk Adviser

Brandon Hetrick

Hub International Ltd. appointed Brandon Hetrick as vice president and private client risk adviser, based in Newport Beach, California.

Hetrick brings 25 years of experience in insurance to his new role. Prior to joining Hub, he spent more than a decade with insurance brokerage firm Assured Partners, which is now part of Gallagher. Earlier in his career, Hetrick developed expertise in personal insurance and family protection planning.

“Newport is an important strategic market for us, and California’s evolving insurance dynamics and complex regulatory environment require specialized expertise,” said Katherine Frattarola, executive vice president and head of Hub private client, in a statement. “Brandon’s depth of experience will be instrumental in helping our clients protect their assets, improve their resiliency and secure their financial futures.”

Mercer Advisors Names Head of Investment Platform Operations

Lindsay O’Toole

Mercer Global Advisors Inc. appointed Lindsay O’Toole as senior vice president of investment platform operations.

O’Toole is tasked with working closely with Mercer Advisors’ investment committee and CIO Don Calcagni to evolve the firm’s investment platform.

Before joining Mercer Advisors, O’Toole spent more than 17 years at LPL Financial, where she most recently served as senior vice president of trading. Prior to LPL, O’Toole worked in trading operations at Merrill Lynch.

Vanguard Announces 2 to Join Board of Directors

Ken Jacobs

David Hunt

The Vanguard Group Inc. announced that David Hunt and Ken Jacobs were elected to its board of directors and to the board of trustees for each of Vanguard’s funds, effective February 24.

Hunt brings more than 35 years of experience in financial services and strategy consulting. He most recently served as president and CEO of PGIM, where he led the firm’s global investment management business for 13 years. His expertise lies in organizational leadership, multi-asset investment and regulatory engagement.

Jacobs has nearly four decades of experience in global financial services, specializing in corporate strategy, international market development, risk and regulatory matters, and technology-driven business transformation. He currently serves as senior adviser and senior chairman to the board of Lazard Inc., having previously served as the firm’s chairman and CEO for 14 years.

Voya Promotes Josh Fleming to Director of Retirement Sales Team

Josh Fleming

Voya Financial Inc. announced this week that on January 1, it promoted Josh Fleming to sales director for the company’s retirement sales team from his previous position as an internal wholesaler. Fleming reports to Chris Ekstrom, the firm’s vice president of emerging market sales.

Based in Charleston, South Carolina, Fleming now covers emerging market sales in South Carolina and southern Georgia, with a focus on employers with up to $50 million in plan assets. He is responsible for driving sales of Voya’s 401(k), 403(b), health savings account, nonqualified plan and employee stock ownership plan offerings.