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Lincoln Financial Hires Industry Veteran to Drive Small Market Innovation for Retirement Plan Services Business

January 7, 2019

RADNOR, Pa.--(BUSINESS WIRE)--Jan 7, 2019--Lincoln Financial Group (NYSE:LNC), a leading provider of retirement savings plans, announced today that Gary DeMaio has joined its Retirement Plan Services (RPS) Product team as vice president, Small Corporate Market, Product Management.

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Gary DeMaio, Vice President, Small Corporate Market, Product Management, Retirement Plan Services, Lincoln Financial Group (Photo: Business Wire)

“At Lincoln Financial, we continue to innovate and find new ways to help advisors and small business owners drive positive outcomes for retirement savers,” said Ralph Ferraro, senior vice president, Product and Solutions Management, RPS, Lincoln Financial Group. “Gary’s industry experience and expertise will fuel additional product development and innovation for our small market clients.”

DeMaio joins Lincoln Financial after more than 20 years at Bank of America Merrill Lynch, where he most recently held the position of Defined Contribution Product Head. In that role, he was responsible for product management and development of the company’s proprietary institutional retirement business. Prior to his time at Merrill Lynch, DeMaio worked at Bankers Trust Company and began his career at Sedgwick Noble Lowndes.

DeMaio earned a Bachelor of Science degree in Human Resources Management from the New Jersey Institute of Technology. He is a member of the American Society of Pension Professionals and Actuaries and holds series 7 and 66 FINRA registrations.

“The combination of our high-touch, high-tech model is driving industry-leading outcomes,” said Ferraro, “and talented individuals like Gary will only accelerate our success in the marketplace.”

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $262 billion in assets under management as of September 30, 2018. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including Dow Jones Sustainability Index North America and FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and inclusive organization and was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women in 2018 and received a perfect score of 100 percent in 2018 on both the Corporate Equality Index and Disability Equality Index. Learn more at:  www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn and Instagram. Sign up for email alerts at http://newsroom.lfg.com.

About Retirement Plan Services

For more than 50 years, Lincoln Financial Group’s Retirement Plan Services (RPS) business has been helping savers boost their retirement readiness through employer-sponsored plans. Our retirement plans help employers recruit and retain top talent, while our combination of high-tech and high-touch service creates an engaging customer experience that drives positive outcomes. The RPS business helps people understand how steps they take today can help them get to and through retirement tomorrow. The business serves approximately 1.5 million participants through 20,000 plan sponsors with $73 billion in assets under management as of September 30, 2018.

LCN-2366195-010319

View source version on businesswire.com:https://www.businesswire.com/news/home/20190107006021/en/

CONTACT: Media Contact:

Lincoln Financial Group

Brenda Haak

(484) 583-8757

Brenda.Haak@lfg.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE

SOURCE: Lincoln Financial Group

Copyright Business Wire 2019.

PUB: 01/07/2019 04:06 PM/DISC: 01/07/2019 04:07 PM

http://www.businesswire.com/news/home/20190107006021/en

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