Old Mutual Financial Network (OMFN) is pleased to
announce the appointment of Patrick D. Ferrer to the position of Vice
President, Variable Annuity (VA) Distribution. In this role Pat will
lead the U.S. VA distribution efforts and have channel management
responsibilities for all VA sales and marketing efforts. Additionally,
he'll oversee the management of Registered Independent Advisor (RIA)
and Master General Agent distribution relationships, ensure wholesaler
effectiveness and head the development of the internal Sales Support
and Internal Wholesaling teams.
Pat joins OMFN from Jefferson National/Inviva Securities where he served as National Sales Director since March 2003. During his tenure he developed strategic direction and managed the VA channel including distribution, marketing, project management, technology resource allocation, product development and conservation initiatives. Additionally, Pat managed the field marketing and key account strategy to successfully re-brand the company from Conseco to Jefferson National, penetrate new advisor markets and rebuild access to the independent channel. With his direction, asset flows increased by 50%, redemptions decreased by 70% and a product for the RIA market he launched led sales in 2005 and is projected to grow 400% by year-end 2006.
Bruce Parker, President, commented, "By hiring a seasoned veteran like Pat, OMFN is showing its intent to enter the VA marketplace on solid ground. Pat's outstanding success with driving product sales will surely be an asset to the company." Parker added, "From a strategic standpoint, adding VA products to our existing portfolio will enable us to work closer with our mutual fund colleagues at Old Mutual Capital."
Prior to his position at Jefferson National/Inviva, Pat served as President, American Distribution Consultants; Divisional Sales Manager/Regional Vice President at Allmerica Financial, Inc.; and Regional Vice President at United Pacific Life.
Pat earned a Bachelor of Arts in marketing with a minor in pre-law from Rutgers University in 1981. His professional designations include the NASD series 7 licenses as well as his Pennsylvania life insurance license.
To contact Pat Ferrer about OMFN VA products, email him at pat.ferrer@omfn.com.
About Old Mutual Financial Network
Old Mutual Financial Network (OMFN) is the marketing name for the U.S. life insurance and annuity operations of Old Mutual plc. Headquartered in London, England, Old Mutual was founded in 1845, is one of the world's largest insurers, ranks as a Fortune Global 500 company and employs nearly 50,000 people worldwide. OMFN has the knowledge, expertise and resources that a global powerhouse can provide and is committed to delivering innovative and balanced financial solutions.
Pat joins OMFN from Jefferson National/Inviva Securities where he served as National Sales Director since March 2003. During his tenure he developed strategic direction and managed the VA channel including distribution, marketing, project management, technology resource allocation, product development and conservation initiatives. Additionally, Pat managed the field marketing and key account strategy to successfully re-brand the company from Conseco to Jefferson National, penetrate new advisor markets and rebuild access to the independent channel. With his direction, asset flows increased by 50%, redemptions decreased by 70% and a product for the RIA market he launched led sales in 2005 and is projected to grow 400% by year-end 2006.
Bruce Parker, President, commented, "By hiring a seasoned veteran like Pat, OMFN is showing its intent to enter the VA marketplace on solid ground. Pat's outstanding success with driving product sales will surely be an asset to the company." Parker added, "From a strategic standpoint, adding VA products to our existing portfolio will enable us to work closer with our mutual fund colleagues at Old Mutual Capital."
Prior to his position at Jefferson National/Inviva, Pat served as President, American Distribution Consultants; Divisional Sales Manager/Regional Vice President at Allmerica Financial, Inc.; and Regional Vice President at United Pacific Life.
Pat earned a Bachelor of Arts in marketing with a minor in pre-law from Rutgers University in 1981. His professional designations include the NASD series 7 licenses as well as his Pennsylvania life insurance license.
To contact Pat Ferrer about OMFN VA products, email him at pat.ferrer@omfn.com.
About Old Mutual Financial Network
Old Mutual Financial Network (OMFN) is the marketing name for the U.S. life insurance and annuity operations of Old Mutual plc. Headquartered in London, England, Old Mutual was founded in 1845, is one of the world's largest insurers, ranks as a Fortune Global 500 company and employs nearly 50,000 people worldwide. OMFN has the knowledge, expertise and resources that a global powerhouse can provide and is committed to delivering innovative and balanced financial solutions.