Great-West Life and Putnam Investments will merge their U.S. retirement businesses under Great-West Financial, creating one of the nation's leading providers of comprehensive retirement services capabilities for all sizes of 401(k), 403(b) and 457 retirement plans.
The merged entity will have $220 billion in total assets under administration and serve more than 5 million participants.
Robert Reynolds, president and CEO of Boston-based Putnam, will continue his role with that company but also will take on the role of president and CEO of Great-West Lifeco U.S. after Mitchell Graye retires as president and CEO of Great-West Financial in May.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
