Ryan Madsen was named senior director of the institutional retirement plan sales division at TIAA-CREF, spokesman Stephen Gawlik said in an e-mail.
The position is new. Mr. Madsen will “focus on developing new sales strategies that will boost performance and generate new business opportunities,” according to a news release from TIAA-CREF. Mr. Madsen reports to David Ray, managing director and head of institutional retirement plan sales, Mr. Gawlik wrote.
Mr. Madsen came from Transamerica where he “managed a team focusing on participant-level sales,” according to the news release. Gregory Tucker, Transamerica spokesman, could not immediately be reached by press time for further information on Mr. Madsen's role at Transamerica and his replacement there.