Jonathan Kreider was named senior vice president and head of Great-West Investments, the asset management unit of Empower Retirement, confirmed company spokeswoman Monica Mendoza in an email.
He replaced Scott Sipple, who joined Empower's sister company, Putnam Investments, as head of retail management.
Mr. Kreider is responsible for overseeing the $65 billion asset management business. He reports to Empower Retirement President and CEO Edmund F. Murphy III.
Mr. Kreider was vice president, investment products, at Great-West Financial. For now, other members of the team will be responsible for some of his previous duties, Ms. Mendoza said.