Home >> Headlines >> New President Announced for Financial Organization
Print This Post Print This Post

New President Announced for Financial Organization

John Carter

John Carter has been named as the President and COO-elect of Nationwide's financial services business lines, effective immediately. 

Carter succeeds Kirt Walker, who will become Nationwide's next CEO, in October. Reporting to Walker, Carter will oversee the company's retirement plans, life insurance (individual, business and corporate-owned), annuities, and mutual funds business operations.

"John brings more than 30 years of financial services industry experience to this role," Walker said. "Throughout his career, he has demonstrated outstanding leadership, both in terms of results and people. John is a strong advocate for the retirement security of America's workers—helping them prepare for and live in retirement. We look forward to achieving continued success under his guidance."

Carter joined the Ohio-based Nationwide Financial in 2005 as president of the Nationwide Financial Sales and Distribution organization, responsible for leading sales of private-sector retirement plans, life insurance, annuities and mutual funds. In 2013, he was named President of Nationwide's retirement plans business.  In his current role, he and his team have introduced innovative retirement solutions, driven profitable growth and delivered a member and partner experience that has been recognized nationally by organizations including J.D. Power and Dalbar.

"I'm confident in Nationwide's future and the opportunity to build on our strength of promoting and protecting retirement for America's workers," Carter said. "As a leading provider of individual and workplace solutions, I see tremendous growth potential for this business by focusing on how our customers want to be served."

Prior to joining Nationwide, he held executive positions in financial services at Prudential Financial, UBS and the former Kidder Peabody.

"Nationwide benefits from a strong bench of executive leaders," said retiring CEO Steve Rasmussen. "Kirt and John will work together to facilitate a smooth transition and maintain the strong growth momentum we've built over the past several years. We look forward to achieving continued success under John's leadership, building on Nationwide's mutual heritage, financial strength and culture of caring."

Carter is a graduate of the University of Missouri where he earned a Bachelor of Science degree in Business Administration and Finance.

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
x

Check Also

The End of Single-Family Zoning in California?

New pieces of legislation are slowly allowing residents more ability on their property, and loosening zoning rules in the state.

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.