Deals and People

Retirement Industry People Moves

VMS selects Ascensus as recordkeeper; KeyBank to acquire Morningstar’s HelloWallet; Natixis adds retirement exec to support TDFs; and more.

By Javier Simon | June 02, 2017
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Great-West Investments Expands Leadership Team

Great-West Investments has appointed Robert G. Capone as its senior vice president of sales. Jeremy Hersch, CFA, has been appointed as the firm’s vice president of participant advisory services. Both individuals joined the organization May 30.

Capone most recently served as managing director, head of defined contribution and sub advisory, at AQR Capital Management. Beforehand, he spent eight years at BNY Mellon Investment Management leading its defined contribution and sub-advisory businesses. In both roles, he built new business models. He also spent 10 years at Putnam Investments in a variety of retirement business leadership positions including managing director, participant services. He has a bachelor’s degree from Dartmouth College and an master’s degree from Dartmouth’s Amos Tuck School of Business Administration.

Prior to joining Great-West Investments, Hersch served as head of advice, portfolio and planning services for Transamerica in Harrison, New York. There, he created and led a product management team for the institutional retirement plan market. He had direct oversight for managed account, advice services and custom model portfolio solutions as well as retirement planning tools. The Princeton University alumn also worked at financial advisory firm Trinsum Group in New York City, where he helped create a new managed account offering.

“As a firm that is committed to providing innovative investment products and services, Great-West Investments is taking the next step forward with talented new leaders who bring an experienced hand and fresh perspective to the needs of our clients,” says David L. Musto, president of Great-West Investments. “Our goals are to expand the reach of our products and services and to enhance their value to retirement investors. We’re confident Rob and Jeremy will help us reach these objectives.”

NEXT: VMS Selects Ascensus as Recordkeeper