Dave Gray joins Empower as Executive Vice President for Enterprise Solutions

Dave Gray joins Empower as Executive Vice President for Enterprise Solutions

GREENWOOD VILLAGE, COLO., January 30, 2024 – Empower announced today that Dave Gray will be joining Empower as executive vice president for enterprise solutions. This new role includes working across the Empower organization to evolve and grow platform and partnership solutions to support the next phase of enterprise growth and lead the company’s enterprise data strategy with the goal of expanding and enhancing Empower’s portfolio of offerings to customers.

Gray officially joined Empower on Jan. 29.

Gray brings more than 24 years of experience in retirement services in various roles, most recently at Fidelity Investments as head of its workplace products and platforms, spanning employer-sponsored retirement benefits, multi-product capabilities, and brokerage solutions through the workplace.

“With Dave’s experience in the financial services industry and proven track record driving results, this role uniquely positions him to help Empower provide holistic solutions for our customers to help them achieve higher levels of success,” said Empower President and Chief Operating Officer Rich Linton. “He is a strategic and visionary leader who will help us continue with the success we have seen and push us to new heights. As our clients’ needs change, we need to change along with them, and I am confident Dave will be an integral part of that.”

Gray will report to Linton. The position is a new role at Empower.

Gray brings extensive experience in business efficiency and service excellence, organizational transformation, platform modernization and innovation, and product creation resulting in customer acquisition.

Gray was head of product, client experience, and business strategy at Charles Schwab before joining Fidelity. He led product strategy and execution for institutional customers through all phases of the product life cycle: design, development, positioning, pricing and ongoing management.

Prior to his role at Charles Schwab, Gray was head of client service at The Standard. He was responsible for client service teams, third-party intermediary relationship management, and local sales support delivered through a national field office organization.

“Empower has seen tremendous success and continues to innovate,” said Gray. “I am looking forward to being part of their team and helping contribute to their customers’ needs. There is so much potential in this market, and I’m proud to join an organization that is truly making a difference.”

Gray is a graduate of Tennessee Temple University, where he earned a bachelor’s degree in liberal arts and history. He currently holds FINRA Series 7 and 99 securities registrations, the Series 66 state securities license and FINRA Series 24 credentials.   

Gray served on the boards of the Portability Services Network, LLC, where he was a founding board member, and the Employee Benefits Research Institute. He also served as a member of the U.S. Department of Labor ERISA Advisory Council.


Recognized as the second-largest retirement services provider in the U.S.1 by total participants, Empower administers approximately $1.4 trillion in assets for more than 18 million investors2 through the provision of retirement plans, advice, wealth management and investments. Connect with us on empower.com, Facebook, X, LinkedIn, Tik Tok and Instagram.

Media contacts:

Stephen Gawlik - Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com

1 Pensions & Investments 2022 Defined Contribution Survey. Ranking measured by total number of participants as of September 2022.

2 As of September 30, 2023. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAICA) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EAIC), marketed under the Empower brand. EAICA’s consolidated total assets under administration (AUA) were $1,372.9B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $71.5B and liabilities total $67.5B. ELAINY’s statutory assets total $7.2B and liabilities total $6.8B. EAIC’s statutory assets total $88.1B and liabilities total $87.0B.

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. 

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