Westminster Consulting Hires Consultant in New England

Westminster Consulting, the ERISA/Fiduciary Consulting business unit of Westminster Financial, LLC, has hired Eric Grimes to the position of senior consultant.

According to an announcement, Grimes joins Westminster Consulting with more than 14 years of experience in the retirement plan marketplace, serving in a consulting role to corporate defined contribution and defined benefit plans on plan design, investment selection and oversight, and fiduciary governance issues. He will manage and develop DC/DB relationships in New England and will be based outside of Boston.

Grimes comes to Westminster from Fidelity Investments where he held the role of managing director—relationship manager in the Mid-Corporate segment, overseeing client relationships primarily in the northeast. Prior to this role, he was a project leader within Fidelity’s transition services group in which he led large-plan implementation projects, the announcement said.

USI Consulting Names President of USI Advisors

USI Consulting Group has promoted Kenneth Hyne to Investment Advisory Services practice leader and president of USI Advisors, Inc.

Hyne was previously a vice president and senior investment strategist of USI Advisors, Inc., according to an announcement. In his new role, he will oversee the development, implementation, and monitoring of investment strategies for defined benefit and defined contribution clients that include corporations, municipalities, hospitals, and endowments.

USI Consulting Group is a provider of defined contribution and defined benefit plan consulting services, along with health and welfare, defined contribution, and defined benefit administration services. It is a wholly owned subsidiary of USI Holdings Corporation (a Goldman Sachs Capital Partners Company).

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