Nationwide Retirement Solutions taps annuity sales vet to lead distribution

Nationwide Retirement Solutions taps annuity sales vet to lead distribution

Rich Porter has been named leader of Nationwide Retirement Solutions Distribution, replacing Craig Hawley, effective Oct. 28. Craig Hawley recently transitionedto lead Nationwide's annuity business.

Porter joins Nationwide Retirement Solutions after leading the company's Annuity Distribution Brokerage team for the past two years. In his new role, he will oversee teams responsible for driving new plan acquisition, retention and relationship management. He will report to Eric Stevenson, president of Nationwide Retirement Solutions.

"It's great to have a sales leader with a proven track record of delivering results and strong partnerships for Nationwide join the Retirement Solutions team," said Eric Stevenson. "Rich brings a wealth of financial services experience and expertise, consistently driving sustained growth and innovation - most recently helping to deliver multiple years of record-breaking annuity sales for Nationwide."

Before joining Nationwide, Porter served as Vice President and Divisional Sales Manager for the Advisor Channel at Prudential Financial where he led an external wholesaler team and served as a thought leader throughout the organization, with responsibility for sales management, team building and compliance. Prior to that, he practiced law in the Tax, Finance and Bankruptcy Group at Greenebaum, Doll & McDonald in Louisville, KY.

Porter earned his undergraduate degree and Juris Doctorate from the University of Louisville, and a Presidents and Key Executive MBA from Pepperdine University. He also holds FINRA Series 6, 26, 63 and 65 licenses, as well as life and health designations.

Nationwide Retirement Solutions is a business within Nationwide, a Fortune 100 company based in Columbus, Ohio, that is one of the largest and strongest diversified financial services and insurance organizations in the United States. Nationwide Retirement Solutions administers nearly 32,000 retirement plans, helping protect nearly $200 billion in participant assets, and helping secure financial futures for over 2.7 million participants. Nationwide services the highest volume of Governmental 457 plans and demonstrated significant growth in corporate 401(k) and not-for-profit 403(b) markets.¹ Nationwide is committed to serving the retirement industry by doing the right thing at the right time through better participant experiences, administrative simplicity and values that translate to service.

Visit nrsforu.com for more information about the tools and services Nationwide provides to retirement plan participants.

¹ Plan Sponsor 2024 Recordkeeping Survey
NFN-1726AO