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The board of the National Association for Fixed Annuities has picked Charles DiVencenzo to be the group's new president and chief executive officer.
DiVencenzo is set to take the helm April 1.
At NAFA, members serve as the board leaders. The group's president oversees day-to-day operations.
Jim Maietta is NAFA's chair.
Chip Anderson, the previous chief executive officer, announced plans to retire about a year ago. NAFA had hoped to find a new president quickly, but it ended up announcing in the summer that it was extending the search.
DiVencenzo previously was vice president of advanced sales development for Allianz Life of North America.
Previously, DiVencenzo was the chief operating officer at Paradigm Capital Management Inc. He also has served as vice president of advanced products for an arm of Hartford Financial Services Group Inc.
DiVencenzo has a bachelor's degree in business from Canisius College and a law degree from the University of Pittsburgh.
DiVencenzo will be attending NAFA's Annuity Leadership Forum, which will start in Washington June 11.
— Read Fixed Annuity Group Still Looking for a President, on ThinkAdvisor.
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