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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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
