J.P. Morgan Retirement Plan Services (RPS) hired Bill McDermott in a newly created role as head of sales and client solutions.
McDermott will oversee the teams responsible for distribution, relationship management and the delivery of client solutions, including investment and participant communication and education services. He will be based in New York and will report to David Musto, CEO for Retirement Plan Services. He also will serve on the Executive Committee of J.P. Morgan's Retirement business.
McDermott previously led the defined contribution business at Goldman Sachs Asset Management. Before that, he developed new distribution channels for annuity and investment products at AXA Equitable and led business development, relationship management, marketing, communications and education in the retirement services and benefits administration businesses at Fidelity and Hewitt.
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