Transamerica Retirement Services Expands Executive Team
LOS ANGELES, CA, May 27, 2009 -– Transamerica Retirement Services, a marketing unit of Transamerica Financial Life Insurance Company, an AEGON company, announced the promotion of Stig Nybo to president of Transamerica Retirement Services. Mr. Nybo was promoted from his position as chief marketing officer. He joined Transamerica Retirement Services in July 2002 as divisional vice president of sales for the western region, and also served as national sales director.
Mr. Nybo replaces Kent Callahan, who was recently promoted from president and CEO of Transamerica Retirement Services to group head of Employer Solutions and Pensions for the AEGON companies. Mr. Callahan will continue to serve in his role as CEO of Transamerica Retirement Services.
"I am pleased to announce the promotion of Stig Nybo to president of Transamerica Retirement Services," said Callahan. "Stig shares my commitment to Transamerica Retirement Services' customer focused strategy. He has built strong and productive relationships with customers, financial advisors, distribution partners and our third party administrators, which are essential to leading Transamerica Retirement Services into the future."
Transamerica also announced that Louis Bachetti has been hired to run the national sales effort, reporting to Mr. Nybo. Mr. Bachetti most recently served as executive vice president and head of institutional distribution for ING Wealth Management's Retirement Business in the United States. Mr. Bachetti will be based out of Transamerica's Boston office.
Mr. Nybo and Mr. Bachetti will officially assume their roles on June 1, 2009.
About Transamerica Retirement Services
Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica Retirement Services ranked among the top plan provider in a recent PLANSPONSOR Magazine Defined Contribution Survey and has more than 15,0002 retirement plans totaling more than $13.2 billion in assets. For more information about Transamerica, please refer to www.TA-Retirement.com.
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