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PrintApr 09, 2008
- JPMorgan Retirement Plan Services announced today the appointment of Teresa Dennehy as Head of Operations.
New York, April 9, 2008 - JPMorgan Retirement Plan Services announced today the appointment of Teresa Dennehy as Head of Operations. Ms. Dennehy, Managing Director, joins JPMorgan from Mercer, where she was responsible for defined contribution, defined benefit, health and welfare plan operations and service delivery. Her responsibilities included implementation, ongoing administration and participant services for 800 clients. Ms. Dennehy joins the firm with more than 20 years’ experience in benefit administration and will be responsible for JPMorgan Retirement Plan Services’ core operations teams and the service delivery group. She will also serve on the business’s institutional operating committee.
“We are excited to welcome Teresa to our team and look forward to working with her as she brings a wealth of expertise in client service to our business. Her experience in recordkeeping operations will be invaluable to our firm as we continue to pursue our goal of being the best provider in the industry,” said Jim Murphy, Chief Executive Officer, JPMorgan Retirement Plan Services.
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About JPMorgan Retirement Plan Services
JPMorgan Retirement Plan Services provides bundled defined contribution services and access to hundreds of investment options to nearly 200 corporate clients, representing nearly 380 plans and nearly 1.5 million retirement plan participants in its institutional segment. As the seventh-largest defined contribution recordkeeper ranked by recordkeeping assets under administration, as of December 31, 2006 (source: Plan Sponsor June 2007), the business administers plan assets of more than $103 billion as of February 29, 2008. The firm’s emerging market business includes more than 620 bundled defined contribution plans, nearly 95,000 participants and nearly $4 billion in assets under supervision, as of February 29, 2008. In both segments, through a direct offering and alliances with other best-in-class providers, JPMorgan Retirement Plan Services integrates services for defined contribution, defined benefit, deferred compensation and stock-based compensation plans. JPMorgan Retirement Plan Services employs nearly 1,100 people and is a subsidiary of JPMorgan Chase & Co.
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