Cain Hayes to Join Nationwide Financial Retirement Plans
December 03 2008 - 4:00PM
Business Wire
Nationwide Financial Services, Inc. (NYSE: NFS), has selected Cain
Hayes to lead its bundled retirement plan services. Hayes joins
Nationwide after 17 years with The Principal Financial Group where
he most recently served as vice president of operations for the
company�s large-plan retirement business. Prior to that role he
served as the vice president and national sales director of its
small-plan retirement business. �Cain�s extensive experience and
successful track record in operations and sales leadership will be
tremendously valuable to our organization,� said Bill Jackson,
president of Nationwide retirement plans. �We realize that there
are many plan sponsors and investment professionals that prefer
this model and Cain�s focus on this market will allow us to meet
these sponsors� needs while continuing to serve the wider market
through our network of highly experienced local administrators.� In
his new role, Hayes is responsible for leading Nationwide�s
existing bundled retirement plan operations where he�ll work to
design long-term solutions and deliver products and services that
meet the needs of those employers who, with their investment
professionals, determine their plans� needs are best met by a
bundled provider. Nationwide plans to continue growing its bundled
business alongside its very successful unbundled service model,
providing investment professionals and plan sponsors with two
first-class options. �The expansion of our bundled service offering
will complement our existing and strong distribution model built
around our partnerships with some of the industry�s best
third-party administrators. Under Cain�s leadership, we will now be
able to meet the needs of plans seeking bundled solutions while
maintaining our focus on helping our direct distribution partners
grow their businesses,� said Jackson. Hayes earned his bachelor�s
degree in business administration from Drake University and an MBA
from Webster University. He holds Chartered Financial Consultant
and Certified Employee Benefit Specialist designations. Hayes, his
wife and two children will relocate to Columbus, Ohio from their
current home in Des Moines, Iowa. About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded
company based in Columbus, Ohio, provides a variety of financial
services that help consumers invest2 and protect their long-term
assets, and offers retirement plans and services through both
public- and private-sector employers. It�s part of the Nationwide
group of companies, which offers diversified insurance and
financial services. The group is led by Nationwide Mutual Insurance
Company, which is ranked No. 108 on the Fortune 500 based on 2007
revenue3. For more information, visit www.nationwide.com.
Nationwide, Nationwide Financial, the Nationwide Framemark and On
Your Side are federally registered service marks of Nationwide
Mutual Insurance Company. 1 Advisor Needs Assessment Research
sponsored by Nationwide, May 2008. 2 Nationwide Investment Services
Corporation, member FINRA. In MI only: Nationwide Investment Svcs.
Corporation. 3 Fortune Magazine, April 2008
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