Edmund Murphy III to Lead Great-West's US Life Unit

What Murphy Will Run

Murphy will end up running a unit that manages about $544 billion in assets for 9.2 million customers and 39,000 retirement plan sponsors. The unit oversees Great-West Investments and the Great-West individual life and annuity operations as well as Empower Retirement.

Dai-Ichi Life Holdiings Inc. of Tokyo recently agreed to acquire the Great-West U.S. individual life and annuity operations, through a deal with a value of about $1.2 billion.

Murphy's Experience

Before Murphy became president of Empower, in 2014, he was a managing director at Putnam Investments.

Earlier, he spent 17 years at Fidelity Investments. At one point, he ran Veritude LLC, Fidelity's internal temp agency. He has also worked for Merrill Lynch.

He is a board member of the Employee Benefit Research Institute (EBRI).

He has a bachelor's degree from Boston College.

— Read Great-West Life Makes $164 Million Secured Loan, on ThinkAdvisor.

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