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Retirement NewsIT News Online – Global Retirement Technology Leader, Smart, Names Prominent Industry Executives to US Board of Directors as Smart Rolls-Out its Recordkeeping Solution for Pooled Employer Plans | #retirement | #elderly | #seniors

IT News Online – Global Retirement Technology Leader, Smart, Names Prominent Industry Executives to US Board of Directors as Smart Rolls-Out its Recordkeeping Solution for Pooled Employer Plans | #retirement | #elderly | #seniors


Global Retirement Technology Leader, Smart, Names Prominent Industry Executives to US Board of Directors as Smart Rolls-Out its Recordkeeping Solution for Pooled Employer Plans
ACCESSWIRE
2021-04-27

Former Legal & General Investment Management CEO and J.P. Morgan’s Former Head of Retirement Solutions for Global Asset Management Solutions Join Smart Founders and US CEO to Form Inaugural US Board of Directors

NASHVILLE, TN / ACCESSWIRE / April 27, 2021 / Smart, a leading retirement technology business and one of the largest global recordkeepers with strategic investors Barclays, J.P. Morgan, Legal & General, Link Group, and Natixis, today announced its first US Board of Directors. The Board consists of prominent industry leaders Mark Zinkula and Anne Lester, alongside Smart co-founders Andrew Evans and Will Wynne, and Smart US CEO Jodan Ledford. It will provide strategic guidance as Smart launches its modern recordkeeping and retirement income solutions into the US market.

 

Smart is focused on improving access to retirement savings, incorporating intelligent solutions for both savings and retirement income, with the aim of maximizing outcomes for individuals as they both save for and enjoy retirement. Smart’s recordkeeping solution is geared towards pooled solutions, including Pooled Employer Plans (“PEPs”), and focused on providing access to retirement savings plans for the millions of Americans who do not participate presently.

The newly appointed Board members include:

  • Mark Zinkula, Chairperson: Most recently, Mark served as CEO of Legal & General Investment Management (LGIM), a role he held from 2011 to 2019. During Mark’s tenure, LGIM was one of the fastest-growing asset managers globally as assets under management (AUM) tripled to over $1.5 trillion, including a significant expansion across the US, Europe, and Asia. He positioned LGIM to become the largest manager in both the UK defined benefit pension market, with over 30% market share, and the UK defined contribution pension market, with over 20% market share. Mark also established LGIM as a global leader in responsible investing, developing widely recognized innovative ESG investment solutions, as well as an industry-leading corporate governance team.
  • Anne Lester, Non-Executive Director: Most recently, Anne served as portfolio manager and Head of Retirement Solutions for Global Asset Management Solutions at J.P. Morgan. Anne developed J.P. Morgan’s SmartRetirement target-date funds and their post-retirement SmartSpending funds. She previously served on the board of Smart Pension. Anne, who joined J.P. Morgan in 1992, spent over a decade managing Public, Private, and Multi-Employer Defined Benefit and Defined Contribution plan assets before focusing exclusively on Defined Contribution research, product development, and management.
  • Andrew Evans, Group Chief Executive, and Co-Founder, Smart: Andrew co-founded Smart to give real people simpler ways to save and access their savings throughout their lives. Previously, Andrew was an international managing director at Lloyds Banking Group and held roles with other banking and financial institutions such as Barclays. He also works with cutting-edge innovation foundations – awarding funding and offering advice to promising UK fintech companies and social entrepreneurs.
  • Will Wynne, Group Managing Director, and Co-Founder, Smart: After beginning his career in private equity, Will joined the digital team at eBay UK as one of the company’s first UK employees. During his three years there, eBay UK grew from 3m members to 18m and acquired PayPal, Skype, Shopping.com, and Gumtree. Whilst at eBay, Will initiated and led the eBay for Charity project, raising many 100s of millions for charity in the process. Will then went on to found one of the UK’s most disruptive ecommerce businesses. This profitable, innovative business has taken 25% market share in its market segment and is still growing. Will co-founded Smart in 2014.
  • Jodan Ledford, US CEO, Smart: Before joining Smart, Jodan was the Chief Client Officer at Legal & General Investment Management America (LGIMA), where he oversaw a team of 75-plus spanning Sales, Marketing, Investment Solutions, Product & Corporate Strategy, as well as Multi-Asset Portfolio Management. Joining LGIMA shortly after their US market entry, Jodan led LGIMA’s growth in the US market from $10 billion to $130 billion in US third-party clients over 7 years. In addition to leading those areas of the firm, Jodan was focused on designing LGIMA’s US DC entry strategy, including implementation of an innovative retirement income solution. Jodan was a director on the LGIMA and US Holdings board. Prior to LGIMA, Jodan held positions at UBS Global Asset Management, J.P. Morgan’s Investment Banking Division, and Watson Wyatt Worldwide.

“We are honored that Mark and Anne have given their time to Smart. We are at a pivotal point in US policy that will shape the future of retirement, and to have their expertise supporting Smart’s mission is huge,” said Jodan Ledford, US CEO of Smart. “Having only launched last October, we’ve been humbled by the traction we’ve already seen and how the US market has welcomed us with open arms, and we look forward to forging ahead together for the benefit of American employees and retirees.”

“Smart has chosen the perfect moment to enter the US and lead,” said Mark Zinkula, Smart US Board Chairperson and former CEO of Legal & General Investment Management. “Their experience across numerous markets will prove invaluable to the retirement technology industry in this country, and I am enthusiastic about the opportunity to work with them in this capacity.”

“Smart’s innovative technology platform will help many more companies offer retirement plans to their workers, at a lower cost than is possible today,” said Anne Lester, Smart US Board Director and former Head of Retirement Solutions at J.P. Morgan Asset Management. “I’m excited to be helping a company that is focused on improving access for millions of Americans who are currently locked out of the system.”

About Smart

Smart is a global savings and investments technology platform provider. Co-founded in 2014 by Andrew Evans, Group CEO, and Will Wynne, Group MD, it is one of the UK’s largest providers of retirement plans. Its award-winning master trust (UK pooled employer plan), Smart Pension, is overseen by independent professional trustees.

J.P. Morgan, Legal & General Investment Management (LGIM), Natixis Investment Managers, Barclays, and Link Group (Australia) are all investors in Smart.

For more information, please visit http://smartretire.com.

Media Contact:
Jacqueline Silva, Caliber Corporate Advisers for Smart
Jacqueline@calibercorporate.com

SOURCE: Smart

View source version on accesswire.com:
https://www.accesswire.com/642178/Global-Retirement-Technology-Leader-Smart-Names-Prominent-Industry-Executives-to-US-Board-of-Directors-as-Smart-Rolls-Out-its-Recordkeeping-Solution-for-Pooled-Employer-Plans





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