Retirement Industry People Moves

Prudential Promotes Global Investment Leader Sullivan to CEO

The board of directors of Prudential Financial Inc. announced the appointment of Andrew Sullivan as the next CEO of the insurer and investment manager, effective March 31, 2025. 

Andrew Sullivan

Sullivan currently serves as executive vice president and head of international business and global investment management, overseeing Prudential’s international insurance business unit and PGIM, its $1.4 trillion asset management business. 

Sullivan will succeed Charles F. Lowrey, the current chair and CEO of Prudential; Lowrey will continue to chair the board.  

Jacques Chappuis, named head of PGIM in November, will report to Sullivan, effective in May. Chappuis came from Morgan Stanley Investment Management and will succeed David Hunt, who will retire in May and remain on as chairman until July 31, 2025.

ERISA Attorney Haralampu Joins the Boston Office of The Wagner Law Group

Evelyn Haralampu

The Wagner Law Group announced that Evelyn Haralampu has joined the firm’s Boston office as partner, specializing in areas of ERISA, employee benefits and executive compensation.

Haralampu joins after heading the employee benefits practice of Burns & Levinson LLP. She counsels businesses on deferred compensation in succession planning and employee benefits and executive compensation in business transactions. Haralampu advises plan fiduciaries on their legal duties, including avoiding prohibited transactions, negotiating service contracts with benefits providers, and correcting operational failures of employee benefit plans.

MetLife Names O’Brien Global Head of Insurance Asset Management and Liability Solutions

MetLife Investment Management, the institutional asset management business of MetLife Inc., announced that it has appointed Kerry O’Brien as global head of Insurance Asset Management and Liability Solutions.

Kerry O’Brien

O’Brien will be responsible for the execution of investment strategies for the MetLife general account, helping drive growth in MIM’s third-party insurance client channel as well as working with teams to drive liability solutions across other client segments. O’Brien joins MIM from Insight Investments, where she led a team managing assets for clients across life, property and casualty and health insurance companies, risk pools and captive insurers. She also held senior roles at AIG.

In her new job, she will play an active role in managing MetLife’s $414.1 billion general account as well as assets for third-party insurance clients. She will also work on customizing investment strategies based on insurance company needs, providing insurance advisory services and providing thought leadership.

Vanguard Announces Senior Leader Retirement

Karin Risi

Vanguard announced that Karin Risi, managing director and head of strategy, product, marketing and communications, intends to retire from the firm at the end of 2024, concluding a career of more than 27 years.

Joining Vanguard in 1997, Risi has led revenue-generating businesses and enterprise strategic functions across the firm’s corporate, institutional, and individual investor divisions. Upon joining Vanguard’s senior leadership team in 2015, she was appointed managing director of Vanguard Personal Investor, responsible for business strategy, client experience, and brokerage and wealth management services for Vanguard’s individual investors.

Most recently, Risi guided Vanguard’s business development and corporate strategy.

Collins Joins Alerus as Retirement Sales Consultant

Colman Collins

Alerus Financial Corporation announced that Colman Collins will join as a retirement sales consultant, based in Minnetonka, Minnesota.

In this role, Collins will work with advisers throughout Minnesota and North Dakota, provide oversight and direction to retirement plan clients, and implement a client experience process for plan sponsors and their employees, with an emphasis on helping employees grow and protect their assets.

Colman has 25 years of financial industry experience and has specialized in retirement plan services for his entire career. Before joining Alerus, he worked for over a decade as a retirement plan adviser. Prior to that, he served as a wholesaler for two multi-billion-dollar recordkeepers.