Great-West Lifeco Inc. is appointing Edmund Murphy as its new president and chief executive officer of its U.S. subsidiary, Great-West Life & Annuity Insurance Co.

He will also remain president of Empower, a U.S.-based retirement services provider.

“Ed’s vision, insight and guidance has helped Empower grow into the second largest retirement services provider in the U.S.,” said Paul Mahon, president and chief executive officer of Great-West Lifeco, in a press release. “With his strong track record of success, he is well-placed to serve the needs of our growing client base in the U.S.”

Read: Gallagher appoints new president of Canadian benefits group

Great-West Lifeco is also appointing Robert Reynolds as chair. He will also remain president and chief executive officer of the firm’s U.S. asset manager, Putnam Investments.

“It’s Bob’s leadership over the years that has helped strengthen GWL&A’s position in the U.S. market,” said Mahon. “I look forward to continue working with Bob in his new role and remain confident he will continue to help grow our business in the U.S. and position us well for continued success into the future.”

Read: Accompass appoints VP in benefits, health practice

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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