RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE:LNC) announced today that Ralph Ferraro has been named Senior Vice President, Head of Product, for the Retirement Plan Services (RPS) business. Ferraro brings with him significant experience in the retirement industry, including product development, risk management and stable value product knowledge. As the Head of Product, Ferraro will leverage that expertise to grow Lincoln’s core markets. Ferraro is based in Radnor, Pa. and reports to Jamie Ohl, President, RPS.
“I am thrilled that Ralph has joined the RPS senior leadership team. He is a talented leader with a wealth of knowledge and industry experience,” said Ohl. “He is committed to advancing our reputation as the partner of choice for plan sponsors, consultants and advisors.”
At Lincoln, Ferraro will execute on the strategic vision of the RPS business, ensuring the effective implementation, integration and execution of specific plan initiatives. He will also manage the RPS suite of products and provide thought leadership that will both drive the development of new, and enhance existing, retirement products.
Prior to joining RPS, Ferraro held the position of Senior Vice President, Head of Product, with Voya Financial, Inc., where he was responsible for the profitability and product management of small/mid corporate and institutional markets. Earlier in his career, Ferraro held executive positions with CitiStreet, LLC. Ferraro earned a Master of Business Administration degree in Finance from Seton Hall University and a Bachelor of Arts degree in History from Princeton University. He holds series 6, 7, 24 and 26 FINRA registrations.
Another addition to the Product and Solutions Management Team is Aziz Syed, who has been named Vice President, Stable Value Leader, and will report directly to Ferraro. Syed joins Lincoln with more than 20 years of experience in financial leadership roles. He holds a Master of Business Administration degree from Bentley University and a Bachelor of Science degree in industrial engineering and economics from the University of Wisconsin.
“As we continue to grow the RPS business at Lincoln, having industry veterans like Ralph and Aziz will help us build and offer products designed to ensure that all of the participants we serve will be able to have the retirement they envision,” said Ohl.
*Photos available upon request.
About Retirement Plan Services
For more than 60 years, Lincoln Financial Group’s Retirement Plan Services (RPS) business has been helping savers boost their retirement readiness through employer-sponsored plans. Our distribution force of more than 400 professionals, including institutional and wholesale distribution channels and advisor-based sales teams, work to provide plan sponsors with retirement plans that not only meet the unique needs of their plan participants but also align with sponsors’ total rewards strategies and help recruit and retain top talent. RPS Retirement Consultants, available onsite, online and by phone, develop long-term one-on-one relationships with savers to help motivate them to take actions that lead to better retirement outcomes. RPS offers personalized services, solutions and education to help plan participants get to and through retirement. The business serves approximately 1.4 million participants through 22,000 plan sponsors with $54 billion in assets under management as of December 31, 2015.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $219 billion in assets under management as of December 31, 2015. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.