Voya Financial taps former Great-West president Nelson as CEO of retirement

Replaces Maliz Beams, who resigned last October
AUG 28, 2014
Charles P. Nelson was named CEO of retirement for Voya Financial, effective May 1, the company said Monday. Maliz Beams had been CEO of Voya's retirement solutions business, but she resigned Oct. 15. Rodney O. Martin Jr., chairman and CEO of Voya Financial, assumed her responsibilities. (More: The best- and worst-performing target date funds) Mr. Nelson will oversee tax-exempt and corporate markets and retail wealth management, “which comprise the company's workplace and individual retirement businesses, including 401(k), 403(b) and 457 plans, and IRAs,” according to a news release. (More: Morningstar wins more Voya retirement business) Mr. Nelson had been president of Great-West Retirement Services through September 2014. Following the combination of Great-West, the retirement business of Putnam Investments and the record-keeping business of J.P. Morgan Asset Management to form Empower Retirement, Mr. Nelson led the legacy retirement business of Great-West, the news release said. Robert Steyer is a reporter at sister publication Pensions & Investments.

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