SunAmerica Reorganizes

The new unit will oversee all distribution of American General Life Companies' life, accident and health products as well as VALIC's group retirement and rollover offerings.

It will also oversee Western National's fixed annuities, and SunAmerica's variable annuities and mutual funds.

Advisor Group, comprised of broker-dealers FSC Securities Corporation, Royal Alliance and SagePoint Financial, will also be part of the new distribution organization.

In addition to Maginn and Treske, SunAmerica Financial Group Distributors' has also added John Deremo, who recently joined SunAmerica from Protective Life Corporation to head sales of retail life, accident and health products; Terri Fiedler, who will be joining from Invesco to lead strategic accounts management.

The Institutional Markets division headed by Novak will oversee the structured settlements, pension terminal funding, private placement life and annuity and COLI/BOLI businesses, as well as consider new opportunities, according to Wintrob.

He added that, "This is a unique time of opportunity, change and growth for SunAmerica Financial Group."

He said the new organizational structure will enable us to better serve our broad network of distribution partners as we work together to help even more Americans plan for and achieve financial and retirement security.

"We are very fortunate that our senior leadership team represents such a formidable combination of talented individuals with many years of experience with our organization as well as a number of exceptional new members who bring strong industry experience and a fresh perspective," Wintrob concluded.