Retirement services provider Ascensus announced Thursday that Nick Good will become president of the company effective Sept. 5.
Good succeeds David Musto, Ascensus CEO and chair, in the role of president.
Good, who will report to Musto, will work directly with the company's line of business presidents and its digital, marketing and analytics center of excellence, focusing on client success, accelerating commercial activities, business development and partnerships, cross-business opportunities, and overall business performance, according to the company. He will be based in the company's Newton, Massachusetts office.
Musto will now devote more of his time to the overall leadership of the Ascensus organization, talent and culture, strategic investment and growth, enhanced delivery of enterprise capabilities, and technology and solution innovation.
Good most recently served as CEO for Pendal Group, a global asset manager publicly listed in Australia, which was sold to Perpetual Limited earlier this year. He assumed that role in 2021 after serving as CEO of its subsidiary, J O Hambro U.S., beginning in 2019.
Before joining Pendal, Good was executive vice president and chief growth and strategy officer for State Street Corp., and earlier he spent eight years with BlackRock/Barclays Global Investors, primarily as CEO of iShares-Asia-Pacific.
Good's appointment comes at a time of sustained growth and expansion for Ascensus, which serves more than 15 million savers and services more than $720 billion in assets under administration.
"Nick's appointment as president is a strategic investment in our future," Musto said in a statement. "He offers a wealth of leadership experience and is well-versed in growing and optimizing businesses amidst the rapidly changing dynamics of our marketplace today. We look forward to bringing his deep insights and perspective to our company, and to the benefit of all we serve at Ascensus."
Advisor recruiting climbed to its strongest pace in nearly two years, while CEO Richard Steinmeier said the firm has "cleared the decks" for bigger institutional deals.
The combinations involving Red Oak and AdvisorRankings illustrate how AI is reshaping both wealth firm operations and wealthtech platforms' business models.
New 5-in-1 onboarding tool aims to cut subscription paperwork as advisor demand for private markets accelerates
Connecting unique offerings with a specific client niche is a sure path to advisor satisfaction and success – but it all has to start with an intentional strategy.
The deal marks the independent wealth management firm's first footprint in Alabama, expanding its national RIA acquisition strategy.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
