Jonathan Kreider appointed Head of Empower Investments

Jonathan Kreider appointed Head of Empower Investments

Responsible for investment innovation for retirement market; leading a $65B asset management unit

GREENWOOD VILLAGE, Colo., January 17, 2020 — Empower today announced the appointment of Jonathan Kreider as Senior Vice President and Head of Empower Investments, the asset management unit of Empower.

Kreider, who has been with the organization for seven years, most recently as Vice President, Investment Products, now will have overall responsibility for identifying, creating and delivering investment, retirement income and advice solutions, and retirement savings products to Empower’s 9.4 million1 retirement plan participants as well as some off-platform clients.

He will report to Empower President and CEO Edmund F. Murphy, III. The move is effectively immediately.

“Jonathan is perfectly poised to take the helm of GWI where his experience in day-to-day investment management decision analytics gives him keen understanding for the oversight of the investment strategies teams across equity, fixed-income and global asset allocation as well as product development and strategy,” Murphy said. “His leadership in our organization for the past seven years has greatly contributed to its success and growth and I look forward to working with him as GWI continues to innovate and develop better investment solutions for retirement investors.”

GWI will continue to build on its robust assets under management program, which currently consists of $65 billion2 of mutual funds, products and collective investment trusts.

Kreider joined the organization in 2012 and led the investment products team in product development and the product management of Empower’s proprietary investment solutions. GWI was established in 2016 and has provided award-winning investment products, such as the Empower Mid-Cap Value Fund and the Aggressive Profile Fund, and has partnered with Empower teams to deliver innovation such as the Dynamic Retirement Manager and Advisor Managed Account offerings.

Kreider now heads Great-West Capital Management, LLC which advises both the Empower Funds, Inc. and other collective investment trusts and separate accounts. He will also lead the Empower Insurance Company of America general account, stable value, and the retirement income solutions for the retirement market.

Prior to joining Great West, Kreider worked as a consultant with JDL Consultants, LLC, a boutique management consulting firm specializing in strategic and analytical work for mutual fund boards. Before that he spent more than five years as a senior research analyst at Lipper, Inc. He holds a bachelor’s degree and MBA from the University of Colorado at Boulder and is a member of the CFA Society of Colorado and CFA charter holder.

Kreider takes the role previously held by Scott Sipple who recently accepted a position with Empower’s sister company, Putnam Investments, headquartered in Boston.

About Empower Investments

Headquartered in metro Denver, Empower Investments creates and delivers investment solutions for investors, advisors and the retirement market. Empower Investments includes Empower Funds, Inc. and Great-West Capital Management, LLC. Empower Investments has more than $65 billion under management or supervision in mutual funds, capital preservation and collective trusts. For more information, please visit empower.com/investments.

About Empower

Headquartered in metro Denver, Empower administers $665 billion in assets for more than 9.4 million retirement plan participants, as of Sept. 30, 2019. It is the nation’s second-largest retirement plan record keeper by total participants3 (Pensions & Investments, April 2019). Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize and large corporate 401(k) clients; non-profit 403(b) entities; private-label recordkeeping clients; and Individual Retirement Account customers. For more information please visit www.empower.com.

Media Contact:

Stephen Gawlik | Office: 303‐737‐0899 | Cell: 617‐417‐4408stephen.gawlik@empower.com

Monica Mendoza | Office: 303‐737‐2626 | Cell: 719‐373‐2460monica.mendoza@empower.com

Learn More

To learn more about how we’re empowering plan sponsors and their participants to be more engaged in their retirement plans than ever before, call us at 800-719-9914.

There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.

1 As of Sept. 30, 2019. Information refers to all retirement business of Empower Insurance Company of America and its subsidiaries and affiliates, including Empower Insurance Company of New York, marketed under the Empower brand.

2 As of June 30, 2019. Information refers to the business of Empower Insurance Company of America and its subsidiaries, including Empower Insurance Company of New York. Of the total $653B assets under administration, $18B represents the AUA of EICOA of NY. AUA do not reflect the financial stability or strength of a company. EICOA assets total $49.5B and liabilities total $47.5B. EICOA of NY assets total $1.6B and liabilities total $1.5B.

3 Information refers to all retirement business of Empower Insurance Company of America and its subsidiaries and affiliates, including Empower Insurance Company of New York, marketed under the Empower brand. Ranking based on total participant accounts as of April 2019. Source: Pensions & Investments.

Empower is a marketing name of Empower Insurance Company of America. Great-West Investments™ is the marketing name of Empower Insurance Company of America, Empower Insurance Company of New York, and their subsidiaries and affiliates.

The managed account service offered through Empower Dynamic Retirement Manager™ is provided by the named registered investment adviser as defined by the advisory services agreement.

The advisory services are offered by the named registered investment adviser as defined by the advisor services agreement. Subadvisory services are provided by Advised Assets Group, LLC, a registered investment adviser. The named registered investment adviser is not affiliated with AAG.

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