Retirement Industry People Moves

John Hancock Retirement Services Names Taft-Hartley Plan Consultant; T. Rowe Price Expands Mega Market Sales Team; Broadridge Financial Expands Mutual Fund and ETF Division; and more.
ASPPA Welcomes New President

The American Society of Pension Professionals & Actuaries welcomes Richard A. Hochman as its new president.

Hochman is the director of Retirement Plan Consulting Services at Actuarial Systems Corporation (ASC), where he leads a team of experts providing best-practice solutions for a range of administrative issues faced by industry practitioners. He regularly participates as an instructor in continuing education programs, at in-house programs, and at a variety of pension industry forums such as ASPPA and the National Institute of Pension Administrators (NIPA). He was the recipient of ASPPA’s Educator of the Year Award in 2012. As a longtime ASPPA volunteer, he has worked with both the Government Affairs and the Conferences Committees, and has also chaired the Annual Conference and General Conferences Committees.

Hochman assumes the role with the introduction of new officers: President-Elect, Adam C. Pozek, and Vice President James R. Nolan. Joining the ASPPA Leadership Council are Justin Bonestroo, Robert M. Kaplan and Frank Porter, QKA, QPA.

ASPPA is part of the American Retirement Association, a non-profit professional organization established to educate all types of retirement plan professionals, and to preserve and enhance the employer-based retirement plan system as part of the development of a cohesive and coherent national retirement income policy.

NEXT: John Hancock Retirement Services Names Taft-Hartley Plan Consultant

John Hancock Retirement Services Names Taft-Hartley Plan Consultant

John Hancock Retirement Plan Services has named Joseph Gallagher,director, Taft-Hartley, Employment Retirement Income Security Act (ERISA) consultant. He is tasked with helping Taft-Harley plan sponsors remain compliant with ERISA and the Internal Revenue Code (IRC), while also ensuring these plan sponsors are meeting their participants’ needs.

Gallagher joined John Hancock in 2003 and served numerous roles including leading the ERISA Complaince & Government Reporting. Previously, he oversaw a group providing daily plan administration to corporate 401(k) and Taft-Hartley plans. He also managed a legal team within John Hancock's ERISA Services division.

"Servicing the unique needs of Taft-Hartley clients and participants is a priority for John Hancock and we're excited to have Joe take on this important role on our team," says Patrick Murphy, president, John Hancock Retirement Plan Services. "His experience makes him uniquely qualified to help us serve our Taft-Hartley clients."

Gallagher earned a bachelor’s degree in business management from Springfield College, and holds a FINRA Series 6 license.

NEXT: T. Rowe Price Expands Mega Market Sales Team

T. Rowe Price Expands Mega Market Sales Team

T. Rowe Price Retirement Plan Services has hired Christine Carolan to join the Retirement Plan Services Sales team as vice president and senior retirement sales executive. In this new role, Carolan will focus on mega market prospects and work directly with plan sponsors as well as with consultants and advisers in the Western region of the United States.

David Kasparian, vice president and senior retirement sales executive, will be transitioning into a mega market sales role for the Eastern region of the U.S. 

“Both Christine and David have deep expertise in the defined contribution (DC) market and proven skills that will be instrumental for the continued growth our record keeping business,” says Kevin Collins, head of sales at T. Rowe Price Retirement Plan Services. “We look forward to not only the impact they will have on growing our mega market client base, but the continued expansion of our sales efforts across the country.”

Carolan has more than 20 years of experience in the DC industry, including prior sales experience at T. Rowe Price from 1996 to 2010. Before joining T. Rowe, she served as investment sales director at Mercer, elling and marketing investment consulting services throughout the Western U.S.

Kasparian has been with T. Rowe Price for almost two years. He has more than 18 years of retirement sales experience with several leading recordkeeping firms. Prior to joining T. Rowe Price, he was a vice president of Retirement Plan Sales at Schwab Institutional for more than twelve years, and he held various positions during his six years at Fidelity Investments.

NEXT: Broadridge Financial Solutions Expands Mutual Fund and ETF Division

Broadridge Financial Solutions Expands Mutual Fund and ETF Division

Broadridge Financial Solutions has enhanced Matrix Financial Solutions, its mutual fund and exchange-traded fund (ETF) processing division, with the addition of the team’s new Chief Solutions Officer John Moody.

Also new to the division is General Manager Cindy Dash who has spent the last year in the role guiding and executing business strategies as well as day-to-day operations.

Moody, a founding partner of Matrix, will oversee sales and product development, while working closely with clients to develop new data-driven solutions for the changing trade processing and investing landscape.

"Cindy and John's leadership has been critical to the growth and success of Matrix," says Michael Liberatore, president of Broadridge's Mutual Fund and Retirement Solutions group. "Their expertise and guidance has made Matrix one of the largest trade processing businesses in the marketplace. With Cindy now responsible for overseeing all aspects of Matrix, and John focused on business and product development, we are well-positioned to help our clients grow their businesses."

He added, "Our mission is to help Americans save more for retirement by providing innovative technology-driven platforms for advisers that help them meet their fiduciary responsibilities and make the right choices for their clients," says Dash. "The landscape continues to get complicated with new rules like the fiduciary standard and increasing fee scrutiny from plan participants and providers. We are committed to helping advisers solve for these compliance mandates while meeting their business goals."

Matrix serves more than 400 financial institutions with more than $300 billion in customer assets processed through its mutual fund and ETF trading platform.