Sammons Financial Group announced on Nov. 19 that Esfand Dinshaw has been named Chief Executive Officer of the West Des Moines, Iowa-based company. Esfand will report to Mike Masterson, who will continue as Chairman of the Board for Sammons Financial Group and Chief Executive Officer of Sammons Enterprises.
Cindy Reed is promoted to President of Sammons Annuity Group. In addition to her role as President, she will also continue as President of Sammons Securities Company, the company’s full-service broker-dealer.
Midland National Life Insurance Company, North American Company for Life and Health Insurance and Sammons Securities Company are member companies of Sammons Financial Group that are owned by Sammons Enterprises, Inc.
Esfand joined Midland National Life Insurance Company in 1999. He was a principal leader on the team that built Midland National’s and North American’s annuity business from a start up to a $19 billion plus asset business. He was promoted to President of Sammons Annuity Group in 2006.