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Here's a quick look at employee benefits industry moves: who's been promoted, hired, partnered, acquired, funded, formed and more. All contribute to this dynamic industry's evolution as it faces change and opportunity.
Thompson Hine announced that Dominic DeMatties has joined the firm's Employee Benefits & Executive Compensation (EBEC) practice, based in Washington D.C. In addition to extensive private practice experience, he previously worked at the U.S. Department of the Treasury's Office of the Benefits Tax Counsel.
Standard Insurance Company (The Standard) announced the following promotions:
- Christopher Beaulieu to Vice President of Individual Annuities and Fixed Income
- Julie Briggs to Assistant Vice President of Retirement Plans Actuarial and Finance
- Greg Chandler to Vice President of Information Technology
- Jans Dykhouse to Assistant Vice President of Sales Operations and Dental
- Stephanie Flora to Vice President of Internal Auditing
- Maria Gonzalez to Vice President of Retirement Plans Services
- A.J. Ijaz to Vice President of Retirement Plans
- Laxman Prakash to Assistant Vice President and Chief Information Security Officer
- Kathleen Quetel to Second Vice President of Risk Underwriting
Principal Financial Group announced senior management promotions effective immediately within Principal International in Asia and U.S. Insurance Solutions:
- Thomas Cheong to senior vice president, Principal and president of Principal Asia
- Kara Hoogensen to senior vice president, Principal in charge of Specialty Benefits for U.S. Insurance Solutions
Purdue University's College of Pharmacy and Aprecia Pharmaceuticals, LLC are launching a comprehensive collaboration on future 3D printed pharmaceutical equipment and medications. The agreement brings together an exchange of faculty and research scholars; access to highly-educated students; and joint collaborations in research and discovery, learning and teaching, engagement and technical assistance.
The Minnesota Health Action Group (The Action Group) and AiRCare Health are partnering to offer AiRCare's solution for mental health to Minnesota employers. The collaboration aims to help Minnesotans get fast access to mental health services when they need it, while improving short- and long-term outcomes related to remission from depression and anxiety.
Maven announced it has closed $45 million in Series C funding, led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, and individual strategic investors Reese Witherspoon, Natalie Portman, Mindy Kaling, and Anne Wojcicki. The funding will support its growth and deepen investment in its core digital programs across fertility, maternity, and other areas.
Franklin Resources announced a definitive agreement to acquire Legg Mason for $50.00 per share of common stock in an all-cash transaction. Franklin Templeton will preserve the autonomy of Legg Mason's affiliates, ensuring that their investment philosophies, processes and brands remain unchanged. Following the closing of the transaction, Jenny Johnson will continue to serve as president and CEO, and Greg Johnson will continue to serve as executive chairman of the Board of Franklin Resources, Inc. EnTrust Global, a Legg Mason affiliate will repurchase its business, which will be acquired by its management at closing.
Empower Retirement has teamed up with E*TRADE to enable employers to offer their employees integrated financial benefits with a consolidated view of their Empower Retirement and E*TRADE stock plan accounts. The alliance aims to help employees to model their stock plan and retirement plan balances into their retirement projections. It will be offered to employers who provide equity compensation plans through E*TRADE and retirement plan services from Empower.
CeriFi has named Matthew Given as chief executive officer, based in Atlanta.In his new role, Given will lead CeriFi's portfolio of training and certification companies, including Dalton Education, Money Education, Keir Financial Education and PassPerfect, and the Association of Certified Financial Crime Specialists (ACFCS).
BlueKey Wealth Advisors announced the formation of its small to middle-market, private equity firm, BlueKey Equity Partners. The new endeavor specializes in small and mid-capital growth companies. Its focus is on private lending, core real estate and business investment.
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