• Responsible for investment innovation for retirement market; leading a $65B asset management unit

GREENWOOD VILLAGE, Colo., Jan. 27, 2020 — Empower Retirement today announced the appointment of Jonathan Kreider as Senior Vice President and Head of Great-West Investments, the asset management unit of Empower Retirement.

Kreider, who has been with the organization for seven years, most recently as Vice President, Investment Products, now will have overall responsibility for identifying, creating and delivering investment, retirement income and advice solutions, and retirement savings products to Empower’s 9.4 million¹ retirement plan participants as well as some off-platform clients.

He will report to Empower Retirement President and CEO Edmund F. Murphy, III. The move is effectively immediately.

“Jonathan is perfectly poised to take the helm of GWI where his experience in day-to-day investment management decision analytics gives him keen understanding for the oversight of the investment strategies teams across equity, fixed-income and global asset allocation as well as product development and strategy,” Murphy said. “His leadership in our organization for the past seven years has greatly contributed to its success and growth and I look forward to working with him as GWI continues to innovate and develop better investment solutions for retirement investors.”

GWI will continue to build on its robust assets under management program, which currently consists of $65 billion²of mutual funds, products and collective investment trusts.

Kreider joined the organization in 2012 and led the investment products team in product development and the product management of Great-West’s proprietary investment solutions. GWI was established in 2016 and has provided award-winning investment products, such as the Great-West Mid-Cap Value Fund and the Aggressive Profile Fund, and has partnered with Empower Retirement teams to deliver innovation such as the Dynamic Retirement Manager and Advisor Managed Account offerings.

Kreider now heads Great-West Capital Management, LLC which advises both the Great-West Funds, Inc. and other collective investment trusts and separate accounts.  He will also lead the Great-West Life & Annuity Insurance Company general account, stable value, and the retirement income solutions for the retirement market.

Prior to joining Great West, Kreider worked as a consultant with JDL Consultants, LLC, a  boutique management consulting firm specializing in strategic and analytical work for mutual fund boards. Before that he spent more than five years as a senior research analyst at Lipper, Inc. He holds a bachelor’s degree and MBA from the University of Colorado at Boulder and is a member of the CFA Society of Colorado and CFA charter holder.

Kreider takes the role previously held by Scott Sipple who recently accepted a position with Empower’s sister company, Putnam Investments, headquartered in Boston.

About Great-West Investments

Headquartered in metro Denver, Great-West Investments creates and delivers investment solutions for investors, advisors and the retirement market. Great-West Investments includes Great-West Funds, Inc. and Great-West Capital Management, LLC. Great-West Investments has more than $65 billion under management or supervision in mutual funds, capital preservation and collective trusts. For more information, please visit GreatWestInvestments.com.

About Empower Retirement

Headquartered in metro Denver, Empower Retirement administers $665 billion in assets for more than 9.4 million retirement plan participants, as of Sept. 30, 2019. It is the nation’s second-largest retirement plan record keeper by total participants³(Pensions & Investments, April 2019). Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize and large corporate 401 (k) clients; non-profit 403 (b) entities; private-label recordkeeping clients; and Individual Retirement Account customers. For more information please visit www.Empower-retirement.com.

Media Contacts:

Stephen Gawlik – 303.737.0899 (office), 617.417.4408 (cell)
Monica Mendoza – 303.737.2626 (office), 719.373.2460 (cell)

Learn More:

To learn more about how we’re empowering plan sponsors and their participants to be more engaged in their retirement plans than ever before, call us at 800-719-9914.

There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.

Carefully consider the investment option’s objectives, risks, fees and expenses. Contact us for a   prospectus, summary prospectus or disclosure document containing this information. Read each carefully before investing.

Empower is a marketing name of Great-West Life & Annuity Insurance Company. reat-West Investments™ is the marketing name of Great-West Life & Annuity Insurance Company, Great-West Life & Annuity Insurance Company of New York, and their subsidiaries and affiliates.

The managed account service offered through Empower Dynamic Retirement Manager™ is provided by the named registered investment adviser as defined by the advisory services agreement.

The advisory services are offered by the named registered investment adviser as defined by the advisory   services agreement. Subadvisory services are provided by Advised Assets Group, LLC, a registered investment adviser. The named registered investment adviser is not affiliated with AAG.

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