John Doyle was named senior defined contribution specialist at Capital Group Cos., said William Anderson, director of the retirement plan business for the firm, in an interview.
The position is new.
Mr. Doyle, who started work Monday, is based in New York. He is responsible for the eastern half of the U.S., while Toni Brown, who was hired by Capital Group in September, is the senior DC specialist in charge of the western U.S.
Mr. Doyle had been an independent DC plan management consultant for the past three years, based in Baltimore. Before that, he had worked for 10 years at T. Rowe Price Retirement Plan Services in Baltimore, specializing in target-date fund development and participant communications.
Mr. Anderson said the hiring of Mr. Doyle and Ms. Brown enables Capital Group to expand its DC services to institutional clients and to intermediaries. “Bringing in Toni and John will enable us to enhance our conversation (with clients) about target-date funds and glidepaths,” Mr. Anderson said.
