David Musto, Executive Vice President, is head of large, mega, and specialty markets for Empower Retirement™. By bringing together Great-West Financial, J.P. Morgan Retirement Plan Services and Putnam Investments, Empower Retirement has become the second largest U.S. retirement plan recordkeeper, serving approximately seven million retirement plan participants.
David previously served as Chief Executive Officer for J.P. Morgan Retirement Plan Services. He joined J.P. Morgan in 2007 as the head of Defined Contribution Investment Solutions for asset management, where he led the firm’s efforts to serve investment and support needs of plan sponsor clients, retirement platforms, and intermediary partners.
David has over 25 years of experience in the benefits and retirement industry. Formerly, as Senior Vice President at Prudential Retirement, he was responsible for the full-service retirement offering in the emerging corporate market, including product development, distribution, and service models. He also held senior management positions in CIGNA’s retirement business, Prudential Financial, and Kamoon, a start-up financial software company.
He earned his bachelor’s degree in finance from College of William and Mary and a master’s degree in finance and international business from New York University, Stern School of Business. A Certified Investment Management Analyst® (CIMA) professional, Chartered Financial Consultant (ChFC), and Chartered Life Underwriter (CLU), David is a frequent speaker at retirement industry events.