Ketul Thaker was named director of retirement consultant relations for large institutional retirement plans by MassMutual Financial, the company announced Wednesday.
The position is new, spokesman David Potter wrote in an e-mail. Mr. Potter added that the large institutional retirement market features plans with $150 million or more in retirement assets.
Mr. Thaker “is responsible for developing and enhancing relationships with retirement consulting firms” that serve corporate, Taft-Hartley, government, multiple employer and not-for-profit plans, a MassMutual news release said.
“Ketul’s deep background in the industry will be a real asset for MassMutual and its clients as we continue to grow our institutional retirement business,” Michele Baldasarre, vice president of institutional markets for MassMutual’s retirement plan services, said in the news release.
Mr. Thaker had been vice president of consultant and industry relations for Voya Financial’s tax-exempt markets business, Gregg Holgate, senior vice president of institutional clients for tax-exempt markets, wrote in an e-mail. “We are actively seeking a replacement for his role and currently interviewing a number of strong candidates,” Mr. Holgate added.
