Deals & PeopleFebruary 10, 2010

Newport Adds Regional Director

The Newport Group, a provider of retirement and executive benefit plans and investment consulting services, has appointed Joseph Cosentino as a regional director.

Reported by Rebecca Moore

Cosentino will develop business relationships and identify market opportunities to promote the sale of Newport’s retirement plan administration and investment services to third-party intermediaries, according to a news release. He will report to Dennis Sain, Newport’s senior vice president, Qualified Retirement Services.

Prior to joining Newport, Cosentino held a number of sales leadership positions with Putnam Retail Management. As vice president, regional 401(k) director, he was responsible for the marketing of Putnam’s 401(k) services through intermediaries in the mid-Atlantic region.

Most recently, Cosentino was senior retirement plan consultant with Ross, Sinclaire and Associates. In that role, he was responsible for developing new business for the firm’s retirement plan group, consulting on plan reviews, and developing employee communication strategies, the announcement said.