(Springfield, MA) – MassMutual is rounding out its retirement plan market leadership team with the addition of a new leader for its institutional retirement plans market. Industry veteran Mike DiCenso has joined MassMutual’s Retirement Services Division as market leader for the institutional segment effective November 4. In this newly created role, Mr. DiCenso is responsible for strategy and business development initiatives in support of the unique needs of distribution partners and sponsors in this market. Mr. DiCenso reports to William Silvanic, senior vice president and actuary, MassMutual’s Retirement Services Division.
DiCenso brings more than 26 years of accomplishments to the role, having held executive level positions in sales, distribution, marketing and product development in the U.S. and international retirement plan markets. Most recently, he served as the national practice leader for Gallagher Retirement Services. Prior to Gallagher, DiCenso was with RSM McGladrey Retirement Services. He holds a bachelor’s degree in business administration with a double major in marketing and management from Missouri Southern State College and completed his LIMRA Leadership Institute Fellowship (LLIF) at Babson College.
“Mike’s extensive experience in the institutional retirement plan industry will bring tremendous value to MassMutual and the advisors we support as we continue to expand our coverage across all plan sizes. This additional focus on the large end of the retirement plan market rounds out our market leadership talent with one of the most experienced and respected leaders in the industry,” says Silvanic. MassMutual’s other market leaders include Jeffrey Schreiber, who joined MassMutual earlier this year as emerging markets (<$5M) practice leader, and Dennis Miles, a long-time MassMutual executive, who leads the mid-market ($5M - $250M) segment.
“MassMutual’s presence in the mid-size retirement plan market is well established. We see a tremendous opportunity to further accelerate our growth both in the emerging markets as well as in the institutional market,” says Elaine Sarsynski, executive vice president, MassMutual’s Retirement Services Division and chairman, MassMutual International LLC. “We believe Mike’s expertise helps us strategically organize our resources to ensure we are as responsive and supportive as possible to our distribution partners and clients,” adds Hugh O’Toole, senior vice president and head of sales and client management for MassMutual’s Retirement Services Division. “Mike’s focus is to capitalize on MassMutual’s strong offering and gathering momentum in the large retirement plan segment and to support our sales team and our distribution partners in this space,” adds O’Toole.
For more information about MassMutual’s retirement services, please call your retirement plan advisor or contact MassMutual at (866) 444-2601, www.massmutual.com/retire.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
MassMutual’s Retirement Services Division has been serving retirement plans for more than 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 3 million participants.