Retirement Industry People Moves

Craig Hawley Promoted to Lead Nationwide Annuity Practice

Craig Hawley

Craig Hawley will take over as the new head of Nationwide’s annuity practice, effective August 5, according to an announcement from John Carter, Nationwide Financial’s president and chief operating officer. 

Hawley will transition out of his current role as leader of retirement solutions distribution and will succeed Eric Henderson, who earlier this year announced plans to retire. Nationwide President of Retirement Solutions Eric Stevenson will search internally and externally for Hawley’s replacement. In the interim, the distribution team will report to Stevenson. 

Hawley joined Nationwide in 2017 with the acquisition of Nationwide Advisory Solutions, formerly Jefferson National. In 2019, he was promoted to senior vice president of annuity distribution for Nationwide. In this role, he reduced acquisition costs, increased market share and expanded area coverage. Three years later, in 2022, he was named senior vice president of Nationwide Retirement Solutions Distribution. 

Mutual of America Announces CEO Transition 

Joseph Gaffoglio

Stephen Rich

Mutual of America Financial Group, which provides retirement products and investments to employers, employees and individuals, announced Stephen Rich, current chairman and CEO of Mutual of America Capital Management, has been selected as CEO and chairman of the board, effective immediately. He succeeds John Greed, who had been in the role since 2016; the company did not immediately respond to request for comment on Greed’s departure. 
 
Rich has held leadership roles in financial services for 33 years, including positions across equity departments at J.P. Morgan Investment Management. He grew Mutual of America’s capital management division to $29 billion in assets under management, according to the announcement.
 
Joseph Gaffoglio, current president, will assume the role of CEO of Mutual of America Capital Management. Gaffoglio has 29 years of investment management experience and will oversee management of the MoA Funds Asset Allocation and Clear Passage Funds, as well as the large cap portions of the MoA Balanced Fund.

Transamerica Names Gregg Holgate to Head Client Engagement 

Gregg Holgate

 Transamerica, the retirement, life insurance and investment solutions provider, has named Gregg Holgate head of inforce management and client engagement for the company’s retirement business.
 
Holgate joins from Lincoln Financial Group, where he led institutional retirement distribution. At Transamerica, he will lead the team focused on recordkeeping clients and the firm’s advice center. He will report to Jamie Ohl, president of protection solutions and savings and investments. 

 “We have more than 24,000 retirement plan sponsor clients, and I am confident they will benefit from Gregg’s proven ability to understand and tailor solutions to their specific needs,” said Ohl in a statement. 
 

James Camarda Joins Star Mountain Capital 

James Camarda

Star Mountain Capital LLC, an investment manager focused on U.S. private small and midsize businesses, has named James Camarda managing director in its Tampa, Florida office.

Camarda joins following 20 years at Bank of America’s Merrill Lynch, where he focused on alternative investments, advising other financial advisers, family offices, foundations, endowments and individuals. 

“Having gotten to know Star Mountain’s leadership team and impressive client base, I was intrigued by how large and fragmented the lower-middle market is, making up nearly 50% of the U.S. economy,” said Camarda in a statement. “With M&A activity expected to increase among small and medium-sized businesses due to aging demographics, I see a unique opportunity for investors.” 

Star Mountain has $4 billion in assets under management. 

Nuveen Names Saira Malik as Head of Equities, Fixed Income 

Saira Malik

Saira Malik, CIO of investment giant Nuveen LLC, a TIAA company, has been named head of Nuveen Equites and Fixed Income.

In the role, Malik will oversee market and investment insights and client asset allocation views from across the firm’s independent investment teams, which manage $1.2 trillion in equities, fixed income, real estate, private markets, natural resources, other alternatives and responsible investments. She continues to report to William Huffman, head of the firm’s fixed-income and equity platform, which includes global equities, taxable fixed income, municipals, multi-asset and private capital. 

Malik has held various positions at Nuveen for more than 21 years. She was previously head of global equity portfolio management at the firm and head of global equity research. Prior to joining Nuveen, she was an equity portfolio manager and equity research analyst at J.P. Morgan Asset Management. 

FINRA Names Julie Glynn, Tina Gubb SVPs of Enforcement 

Julie Glynn

FINRA has appointed Julie Glynn and Tina Gubb to the newly created roles of senior vice presidents of enforcement, with Glynn’s role effective in September and Gubb effective July 22. Both will report to Bill St. Louis, executive vice president and head of enforcement at FINRA.

Glynn and Gubb will act as senior legal advisers to St. Louis, responsible for advising on investigations and disciplinary actions across enforcement. Glynn and Gubb will also lead the enforcement attorney teams and work across FINRA’s regulatory operations to support the execution of FINRA’s mission of investor protection and market integrity. 

Tina Gubb

Glynn and Gubb will each oversee four chief counsel enforcement teams, and enforcement litigation will report to Glynn.

Glynn joins FINRA from J.P. Morgan Chase, where since 2019 she has been general counsel for its wealth management line of business.  
 
Gubb has been promoted from within FINRA, where she was previously chief counsel.