Great-West Financial has named Edmund F. Murphy III as the new president of the Denver-based firm's combined retirement organization.

The announcement comes on the heels of Great-West recently finalizing its acquisition of J.P. Morgan's large-market recordkeeping business, and after Great-West earlier integrated its retirement business with Putnam Investments.

Great-West is now the second-largest provider in the U.S. defined contribution market, as a result of the J.P. Morgan acquisition and Putnam merger. Murphy will oversee Great-West's retirement arm, which will serve nearly seven million participants with more than $400 billion in retirement plan assets.

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