Transamerica Hires Defined Benefit Practice Leader

Transamerica Retirement Solutions hired Mark Valentine as vice president of defined benefit sales and business development for the East Coast.

Valentine will lead Transamerica’s efforts to assist clients in addressing challenges, such as risk management, estimating and calculating benefits, budgeting for benefit expenditures, fiduciary liability, and efficient data management. He is tasked with providing best practices to them, relative to total retirement outsourcing, de-risking, liability management and modernization of data on administrative platforms.

“Ultimately, we want to ensure that our plan sponsors are able to help participants achieve the goal of retirement readiness,” says Valentine. “The challenges associated with defined benefit plans can seem daunting, so it’s important for our business partners to know that we are solidly focused on helping them streamline their plans, institute administrative efficiencies and reduce their exposure to liability.”

Previously, Valentine was vice president of retirement plan sales and consultant relations for BB&T’s retirement and institutional services division. He has experience in the defined benefit, 401(k), and 403(b) markets, covering the large, mid, and small markets.