On the Move

➜ Empower Retirement will acquire Prudential Financial Inc.’s full-service retirement business. The transaction is expected to close in the first half of next year.

➜ Mesirow Financial Holdings Inc. selected Natalie A. Brown as its new president. In this role, Brown will work closely with Richard S. Price, Mesirow’s chairman and CEO, on all facets of corporate strategy.

➜ Aon plc and Willis Towers Watson (WTW) have terminated their merger agreement and ended litigation with the Department of Justice.

➜ Principal Financial Group has named Shawn Johnson as chief information officer of the company’s retirement and income solutions business. He will be responsible for the business’ technology and digital strategies.

➜ HSBC Asset Management is taking a minority stake in Radiant ESG, a women-owned, environmental, social and governance, and diversity-and-inclusion-focused consulting firm located in East Bay, California.

➜ Moneta appointed Aoifinn Devitt as its first female chief investment officer. Devitt will align investment programs with firm goals and oversee the research, evaluation and selection of asset classes and investment vehicles.

➜ Jennison Associates hired Guillaume Mascotto as managing director, head of environmental, social and governance strategy. Mascotto is based in New York City.

➜ The Pension Benefit Guaranty Corporation (PBGC) has appointed Ann Orr as chief policy officer. Orr will lead the PBGC’s Office of Policy and External Affairs.

➜ QMA LLC has hired David Blanchett as managing director, head of retirement research for defined contribution solutions. Blanchett was formerly head of retirement research at Morningstar Investment Management.

➜ BPAS is acquiring Fringe Benefit Design of Minnesota Inc. (FBD), a provider of retirement plan administration actuarial and benefit consulting services in Minnesota and South Dakota.