NU Online News Service, Oct. 22, 9:30 a.m. – Hartford Life has divided its investment products division into an institutional products group and a retail product management group "as part of a broad strategy to ensure growth and provide a strong focus on core markets," says the company, which is part of the Hartford Financial Services Group, Simsbury, Conn.
The institutional products group, headed by senior vice president Stephen Joyce, brings together the Hartford's institutional investment products, government pension businesses and international corporate marketing group. Those businesses represent $40 billion in assets, $4 billion in annual sales and more than $100 million in annual earnings, the company says.
