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Pentegra Names New Chief Operations Officer


WHITE PLAINS, NY, January 29, 2013 -- Pentegra Retirement Services announced today that Michael Palmiere has joined the organization as Senior Vice President and Chief Operations Officer. Palmiere will oversee Pentegra's Actuarial Services, Defined Contribution Services, Information Technology, Trust Services, and TPA Operations areas. He will report to John E. Pinto, who will assume the role of Pentegra President in July of this year, as previously announced.

Pinto said, "Michael brings more than 25 years of retirement plan operations and expertise to his new role. He is a high energy, high impact professional. His deep knowledge of retirement plan operations management and business models will be enormously beneficial to Pentegra. We are very pleased to have him join our team."

Current President Robert C. Albanese added, "We are fortunate to have found someone of Michael's caliber for this key role in our organization. His knowledge and experience will be a tremendous asset to Pentegra."

Palmiere brings an extensive operations management background to Pentegra having held senior level positions at Morgan Stanley Smith Barney, Merrill Lynch, and several large public accounting firms. In 2011, his team was awarded the prestigious MSSB Global Operations Excellence Award.

Palmiere stated, "I am very pleased to join the Pentegra organization and look forward to working with John Pinto and the other members of the senior management team to advance Pentegra's operations in response to the changing industry landscape."

A graduate of Manhattan College, Palmiere holds a Bachelor of Arts degree in English. He also maintains FINRA Series 7, Series 66 and Series 24 registrations.

About Pentegra

Pentegra Retirement Services is a leading provider of retirement plan solutions to organizations nationwide. Founded by the Federal Home Loan Bank System in 1943, Pentegra offers a full range of retirement programs, including 401k plans, Defined Benefit Pension plans, Cash Balance plans, 412(e)(3) Fully Insured Defined Benefit plans, Split Funded Defined Benefit plans, KSOPs, ESOPs, Profit Sharing plans, Age-Weighted plans, New Comparability plans, 457(b) and 457(f) plans, 403(b) plans, 401(a) plans, Section 79 plans, Non-qualified Executive Benefit and Director plans, benefits financing solutions using BOLI and a broad array of TPA services. For more information, go to www.pentegra.com


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