Manulife has hired Aimee DeCamillo to be global head of retirement at its Manulife Investment Management unit.
Manulife is a Toronto-based life insurer, and the investment management unit is its wealth and asset management arm.
She previously was chief commercial officer at Jackson.
What It Means
Although Manulife's John Hancock arm has stopped selling individual annuities in the United States, it continues to sell mutual funds and retirement plans in the United States. The company also offers income-planning arrangements packaged as permanent life insurance policies, and it is major financial services player in Canada and Asia.
DeCamillo's role means she could have a major influence on shaping the firm's retirement advisory services and income planning strategies throughout the world.
She said in a comment, included in the announcement about her new role, that she hopes to work with Manulife teams to speed up the development of retirement planning solutions for each market the company serves.
DeCamillo's Background
DeCamillo spent 12 years at Merrill Lynch. When she left, she was the company's head of personal retirement.
For about nine years, she was was a retirement plan services executive at T. Rowe Price.
She has been a chair of the board at LL Global's Secure Retirement Institute and a governing board member at the Spark Institute. She also has served on the board of the Employee Benefit Research Institute.
She has a bachelor's degree from Michigan State University, and she holds the Chartered Retirement Planning Counselor professional designation.Other Executive Change News of Note
TIAA
TIAA has hired Jessica Austin Barker to be chief digital and client experience officer.
She is moving to the New York-based life insurer and asset manager from Intuit, where she was vice president of customer success and retention strategy. She also has been the group product manager for Intuit's Quicken and TurboTax products.
