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April 16, 2024 at 02:44 PM
Transamerica has picked Robert Carney, a longtime Crump Life veteran, to oversee its retail life, annuity and mutual fund distribution operations.
Carney will be chief distribution officer for Transamerica’s individual solutions division.
Transamerica is the Baltimore-based U.S. arm of Aegon, a giant Dutch financial services company.
Transamerica alone has $404 billion in invested assets, 11 million customers and 12.5 million policies and contracts in force.
What it means: The hire might amplify Transamerica’s voice in efforts to shape the Labor Department’s fiduciary rule efforts and other financial services standards, because Carney is a board member at Finseca and is a member of its advocacy committee.
