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Deals & People June 27, 2011
Great-West Enhancing Distribution Solutions
Great-West Life &
Annuity Insurance Company is launching a retirement planning and education program to assist workers when they are
eligible to take distributions from their plans at retirement or when leaving
their employers.
Reported by PLANADVISER staff
Sam Ghazaleh, a 12-year veteran of Fidelity Investments, has been appointed to head the program. He will report to Bob Shaw, executive vice president of Individual Markets.
“We’re building an education resource center, further improving our IRA and retirement planning offerings, and adding new functionality to our distribution process,” said Mitchell Graye, president and CEO of Great-West.
Ghazaleh spent more than twelve years in a variety of executive roles in Fidelity Investments’ Retirement Services business, and brings experience as a former executive of Rollover Systems and a management consultant. He served for five years as an Air Force officer as well.He graduated from Duke University with bachelor’s degree in electrical engineering and earned his MBA from the Wharton School at the University of Pennsylvania.
Great-West developed the “Distribution Education” program to provide retirement plan participants with personal counseling regarding distribution options when they are preparing to leave their plans, including the ability to roll over their account balance into the new Great-West Lifetime Advantage IRA Solution.