SPRINGFIELD, Mass., May 12 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced today that Hugh O'Toole, 43, has been named senior vice president in charge of national sales and distribution for the company's Retirement Services division. Mr. O'Toole will lead the distribution of the entire product and services offering through the Retirement Services division's sales team.
Mr. O'Toole has more than 20 years of experience in the retirement and benefit solutions industry. He is a former partner of Professional Pensions, Inc., which was sold to Principal Financial Group in 1999. As part of the sale, Mr. O'Toole was retained by Principal Financial Group, where he served as corporate vice president of non-profit solutions, responsible for growing Principal's non-profit business. Once that mission was accomplished, he moved on to build out both their registered retirement product and worksite solutions.
Mr. O'Toole joined MassMutual last December as vice president, northeast division sales manager and national nonprofit market leader. Most recently he served as the company's interim head of distribution, reporting to Elaine Sarsynski, executive vice president and head of the Retirement Services division.
"Since Hugh joined MassMutual, he has been instrumental in accelerating our sales efforts, and I am confident he will continue to make great advances in our key distribution channels while furthering our commitment to the advisor," says Ms. Sarsynski. "With his in-depth knowledge and experience, strong leadership capabilities and highly regarded reputation, Hugh is the ideal leader to help us win in the marketplace."
MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately one million participants.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual and its subsidiaries have more than $500 billion in assets under management at year-end 2007. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.
Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., member FINRA and SIPC (www.finra.org and www.sipc.org); MassMutual International LLC; and The MassMutual Trust Company, FSB. MassMutual is on the Internet at http://www.massmutual.com.