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Transamerica Retirement Services Expands Executive Team.

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 Nybo Promoted to President of Transamerica Retirement Services; Louis Louis, titular duke of Burgundy
Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin.
 Bachetti Joins as National Sales Director

LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- Transamerica Retirement Services, a marketing unit of Transamerica Financial Life Insurance Company, an AEGON AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s leading insurance companies ranked by market capitalization and assets. AEGON’s head office is in The Hague, the Netherlands. At the end of 2004, AEGON companies employed about 29,000 people worldwide.  company, announced the promotion of Stig Nybo to president of Transamerica Retirement Services. Mr. Nybo was promoted from his position as chief marketing officer. He joined Transamerica Retirement Services in July July: see month.  2002 as divisional vice president of sales for the western region, and also served as national sales director.

Mr. Nybo replaces Kent Callahan Callahan, an Irish surname, can refer to: People
In sports
  • Ben Callahan, baseball player
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  • Gerry Callahan, sports writer
  • Henry Callahan, ultimate player
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, who was recently promoted from president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Transamerica Retirement Services to group head of Employer Solutions and Pensions for the AEGON companies. Mr. Callahan will continue to serve in his role as CEO of Transamerica Retirement Services.

"I am pleased to announce the promotion of Stig Nybo to president of Transamerica Retirement Services," said Callahan. "Stig shares my commitment to Transamerica Retirement Services' customer-focused strategy. He has built strong and productive relationships with customers, financial advisors, distribution partners and our third party administrators, which are essential to leading Transamerica Retirement Services into the future."

Transamerica also announced that Louis Bachetti has been hired to run the national sales effort, reporting to Mr. Nybo. Mr. Bachetti most recently served as executive vice president and head of institutional distribution for ING Wealth Management's Retirement Business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mr. Bachetti will be based out of Transamerica's Boston office.

Mr. Nybo and Mr. Bachetti will officially assume their roles on June 1, 2009.

About Transamerica Retirement Services

Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York Purchase, New York is a hamlet of the town of Harrison, in Westchester County. Its Zip code is 10577.

Purchase is home to Purchase College, which is part of the State University of New York system, Manhattanville College, a private liberal arts college, and the headquarters
 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica Retirement Services ranked among the top plan provider1 in a recent PLANSPONSOR([R])Magazine Defined Contribution Survey and has more than 15,0002 retirement plans totaling more than $13.2billion2 in assets. For more information about Transamerica, please refer to www.TA-Retirement.com.

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1 The November 2008 PLANSPONSOR([R])Magazine Defined Contribution Survey results place Transamerica Retirement Services among the top providers out of 52 for retirement plans with up to $50 million in assets based on total number of cups won. See the November 2008 issue of PLANSPONSOR[R] Magazine for complete results.

2 As of December 31, 2008.

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Publication:Business Wire
Date:May 27, 2009
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