SPRINGFIELD, Mass., April 13, 2011 /PRNewswire/ -- On the heels of a new division sales record in 2010, MassMutual's Retirement Services Division has hired a new managing director in the southeast region and will add three new sales support roles in the New York, New England and Michigan territories. MassMutual also plans to grow its sales team by several more later this year.
Jeffrey Keller has been appointed a managing director for MassMutual effective March 28, covering Georgia, Florida, Alabama and Puerto Rico. He joined MassMutual from New York Life where he spent 13 years in a variety of key sales and marketing leadership roles. Keller most recently served as managing director and head of New York Life's defined contribution investment only business.
According to Hugh O'Toole, senior vice president and head of sales and client management for MassMutual's Retirement Services Division, MassMutual is seeing robust growth across all markets and all plan sizes and is fine-tuning its distribution strategy to ensure retirement plan advisors and plan sponsors are fully supported. "MassMutual's willingness to listen and respond with the right solutions is a hallmark of our service model," says O'Toole. "Regardless of whether the need is for a group annuity, registered product or collective investment trust, MassMutual is well positioned to offer the right retirement plan solution, and we will continue to develop our sales force to ensure delivery of world-class service. Jeff Keller is a great example of the level of talent and expertise for which MassMutual is recognized," he adds.
Stan Label, national sales manager for First Mercantile Trust Company (First Mercantile), has announced his plans to retire at the end of April after more than 40 years in the retirement plan business. Label also served as a valued member of the MassMutual Retirement Services sales management team for 11 years. "During his tenure as a member of the MassMutual family, Stan contributed consistently and significantly to our growth and success. His unwavering commitment to quality and knowledge of the retirement business were of immense value to the company and to the industry relationships he supported. Stan will be truly missed and we wish him all the best in his coming retirement," says O'Toole.
Upon Label's retirement at the end of this month, members of his sales team will report to the regional managers in their respective territories in alignment with the company's local team philosophy. "Retirement plan advisors and clients truly appreciate the support they receive from their local support team members," adds O'Toole.
MassMutual's Retirement Services Division serves approximately 1.2 million participants. For more information about MassMutual Retirement Services, please call your retirement plan advisor or contact MassMutual at 1-866-444-2601.
MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.2 million participants.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
For more information, visit massmutual.com.
Contact: Lisa Reilly
SOURCE MassMutual Retirement Services