Great-West Life taps Edmund Murphy to succeed Robert Reynolds as CEO

Reynolds becomes chairman of Great-West Lifeco US

Edmund F. Murphy III will succeed Robert L. Reynolds as president and CEO of Great-West Life & Annuity, the U.S. subsidiary of Great-West Lifeco Inc. and the parent of Empower Retirement, of which Mr. Murphy remains president.

Mr. Reynolds becomes chairman of Great-West Lifeco U.S. He will maintain his role as president and CEO of Boston-based Putnam Investments, also a subsidiary of Great-West Lifeco US, the company said in a release.

In his new role, Mr. Murphy will oversee Great-West Life & Annuity, which has $544 billion in assets for approximately 9.2 million customers, and includes Empower Retirement, Great-West Investments and the company’s individual life insurance and annuity businesses.