Simon Poole to lead stable value for Empower Investments

Simon Poole to lead stable value for Empower Investments

 

GREENWOOD VILLAGE, COLO. July 15, 2024 – Empower announced today that Simon Poole will lead the retirement provider’s stable value business for Empower Investments.

Poole’s new role as vice president of stable value began June 24. In this role, he is responsible for the management and development of the firm’s stable value business lines and reports to Jonathan Kreider, executive vice president and head of Empower Investments.

“Simon is a seasoned leader with an impressive track record of developing strong internal and external relationships to grow and manage competitive stable value products that deliver long-term company and customer value,” said Kreider.

Kreider noted that Empower is one of the largest retirement services providers in the industry, and stable value is a product line that is critical to Empower’s clients and partners. Empower Investments manages more than $104 billion in stable value assets.1

Prior to joining Empower, Poole led the stable value team at MassMutual. During his time at MassMutual, he built, led, and developed the stable value actuarial team responsible for product development, product management, and general risk management for both institutional (“wrap”) and “advisor sold” business.

Prior to MassMutual, Poole served with Standard Insurance Company as an assistant actuary, stable value product development and management. He has also held roles at Regence in Portland, Oregon, as well as MetLife in London, U.K.

Poole has a degree in mathematics from Churchill College, University of Cambridge, in the U.K. and is a current member of the American Association of Actuaries, a Fellow of the Society of Actuaries, and a Fellow of the Institute and Faculty of Actuaries.

Poole replaces Tim Grove, who retired from Empower earlier this year.

With more than $188 billion in assets under management,1 Empower Investments is an investment manager focused on delivering solutions for retirement investors. Through its affiliation with Empower, the nation’s second-largest retirement services provider,2 Empower Investments has unique insights into the needs and behaviors of more than 82,000 workplace retirement plans and more than 18 million investors.3

ABOUT EMPOWER

Recognized as the second-largest retirement services provider in the U.S. by total participants, Empower administers over $1.6 trillion in assets3 for more than 18 million investors through the provision of retirement plans, advice, wealth management, and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok, and Instagram.

Media contacts:

Stephen Gawlik - Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com

1 As of March 31, 2024.

2 Pensions & Investments DC Recordkeeper Survey (2023). Ranking measured by total number of participants as of September 2022.

3 As of March 31, 2024. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAICA) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EAIC), marketed under the Empower brand. EAICA’s consolidated total assets under administration (AUA) were $1,627.0B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $72.5B and liabilities total $67.4B. ELAINY’s statutory assets total $7.1B and liabilities total $6.7B. EAIC’s statutory assets total $97.0B and liabilities total $96.1B. 

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