Lincoln Financial Distributors Names Jim Lyday Head of Institutional Retirement Solutions Distribution
PHILADELPHIA, June 14, 2011 — Lincoln Financial Distributors (LFD), the wholesale distribution subsidiary of Lincoln Financial Group (NYSE:LNC), today announced that Jim Lyday has joined the firm as Head of Institutional Retirement Solutions Distribution. Effective immediately, Lyday will report directly to Will Fuller, President and CEO of LFD, and will be responsible for leading the growth strategies for the distribution of Lincoln's Defined Contribution business in the full service mid-to-large employer retirement plan market.
"We are committed to building on our reputation and leadership in providing retirement solutions for Americans, and see a significant growth opportunity for Lincoln in the full service retirement plan market by putting participants on the optimal path to retirement security," said Fuller. "Jim's deep experience in institutional retirement plan services, his strong industry reputation and his track record for growing businesses will help us execute our growth strategies while delivering an exceptional plan sponsor and plan participant experience."
Prior to joining Lincoln, Lyday most recently served in various Senior Management roles for Prudential Financial and The Principal Financial Group, where he was responsible for developing and implementing growth strategies for their Defined Contribution businesses.
"There is a tremendous opportunity to help participants achieve better outcomes both in the accumulation phase and into retirement. Lincoln is strategically positioned to capitalize on this opportunity with its industry leading distribution platform and portfolio of services and solutions," said Lyday. "I'm confident that leveraging those strengths will expand Lincoln's already strong distribution partnerships and deliver market leading solutions to the mid and large retirement plan market."
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $162 billion as of March 31, 2011. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.