Deals and People

Retirement Industry People Moves

By Javier Simon editors@plansponsor.com | January 06, 2017
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Ascensus Names New VP of Corporate Development and M&A

Christian Fulmino has been appointed as the new vice president of corporate development and M&A of Ascensus, a national independently-owned retirement plan and college savings services provider.

Although the position won’t specifically focus on plan sponsors or advisers, he is tasked with playing a major role in prioritizing M&A opportunities, evaluating the landscape of potential acquisitions, valuing and structuring deals, and conducting due diligence.

Fulmino has more than 15 years of experience in corporate development, strategy, and M&A. Before joining Ascensus, he served as senior director of strategy and corporate development at Broadridge Financial Solutions. He also played key roles in closing strategic platform and technology acquisitions, lift-out strategies, and market expansion opportunities. Fulmino also worked on a number of Broadridge corporate initiatives including industry utilities, block chain, and strategic investments in private companies.

Prior to Broadridge, Fulmino spent eight years at News Corporation, leading their inorganic growth strategy into Central and Eastern Europe. Fulmino earned his bachelor’s degree in business administration from Rider University and is master’s degree from Cornell University.

"Christian brings a strong background in deal sourcing, structuring, and integrating acquisition transactions—including complex lift-and-shift deals—and has a demonstrated track record of working with business units in driving strategic deals," says Raghav Nandagopal, Ascensus' executive vice president of corporate development and M&A. "He is a great addition to our team and I look forward to his leadership and contributions in helping Ascensus accelerate our growth ambitions."

Nandagopal joined the firm in August 2016 to help it build upon its success in acquisitions. In 2016, Ascensus completed the acquisitions of Retirement Educators, National Retirement Services, and Matthews Benefit Group.

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