International Commodities Exchange of London Focuses on the Increasing Demands for Retirement Plans
Since 2007, International Commodities Exchange of London has recorded gross sales for retirement assets of up to 15 percent each year. And every year, the firm acknowledged increasing demands for services exclusively focused on retirement plans; thus International Commodities Exchange of London has started its retirement plan expansion by creating a Retirement Strategy Group.
- (1888PressRelease) November 15, 2012 - To commence its retirement plan expansion, International Commodities Exchange of London has recently announced key appointments of two market veterans that will complete and help the organizing plans for its retirement strategy group and further work to push through efforts of meeting the escalating demands for the retirement marketplace.
The key appointments' announcement comes on the peak of International Commodities Exchange of London's growth on retirement assets. Presently, International Commodities Exchange of London's retirement asset reaches at a new high record, making its retirement related gross sales up to 15 percent for 2010 as compared to 10 percent in 2009.
"We recognize our retirement assets as one of the key components of our overall business growth strategy. For many years, we have been participating in many segments of the retirement markets and in 2007; we have launched our concerted growth initiative to intensify our retirement-related presence in this promptly evolving market. This initiative has further improved the diversification of our distribution model and provided steady profit flows," said Mr. Drake Pelzman, Chief Executive Officer of International Commodities Exchange of London.
The two newly appointees were Mr. Andy Pine and Mr. Ethan Umberger, both have been placed to the position of Senior Retirement Strategists. The two will be closely working with financial advisors to provide resources and information for plan sponsors and individual investors.
Andy Pine will be based in London as he will supervise potential retirement plans of clients from United Kingdom while Ethan Umberger will focus on the US-based retirement plans. In the coming months, International Commodities Exchange of London will also be disclosing appointments related to retirement strategy group to help manage its presence in Asia and Australia, Middle East and North America. Andy Pine and Ethan Umberger will directly report to Mr. Ryan Corrigan, Global Head for the Retirement Strategy Group of International Commodities Exchange of London.
"For the past few years, International Commodities Exchange of London has tremendously recorded a steady increased in retirement asset demands for services from us as we have also seen growing demands from retirement marketplace. Our new two appointees are expected to share their remarkable track record of more than 20 years of experience and success in the commodity and financial industry. Furthermore, their knowledge and focus will be valuable assets to help establish our retirement product service offerings to the next level," added Ryan Corrigan.
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