This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SunAmerica Financial Group Announces Reorganization To Better Serve Customers And Promote Accelerated Growth In Sales And Profitability

SunAmerica Financial Group, AIG’s life insurance and retirement services division, today announced several key organizational structure and management changes intended to better serve the organization’s distribution partners and customers. Highlights include:
  • The creation of a new all-channel distribution organization – SunAmerica Financial Group Distributors – that will oversee sales and strategic account management efforts across SunAmerica Financial Group. Stephen A. Maginn has been named President of the new organization. Maginn, who joined SunAmerica in 2008, most recently served as Chief Distribution Officer for SunAmerica Retirement Markets and SunAmerica Mutual Funds, where he was instrumental in helping to significantly increase both variable annuity and mutual fund sales. The new unit will oversee all distribution of American General Life Companies’ life, accident and health products, VALIC’s group retirement and rollover offerings, Western National’s fixed annuities, and SunAmerica’s variable annuities and mutual funds. Advisor Group, comprised of broker-dealers FSC Securities Corporation, Royal Alliance and SagePoint Financial, will also be part of the new distribution organization. In addition to Maginn, SunAmerica Financial Group Distributors’ senior team includes current sales leaders and several key new hires: John Deremo, who recently joined SunAmerica from Protective Life Corporation to head sales of retail life, accident and health products; Terri Fiedler, who will be joining from Invesco to lead strategic accounts management; and Michael Treske, who joins SunAmerica from John Hancock to lead distribution of all annuity products and retail mutual funds.
  • Mary Jane Fortin has been named Chief Financial Officer of SunAmerica Financial Group after serving since 2009 as President and CEO of American General Life Companies. She had previously served as Chief Financial Officer of American General Life Companies. Succeeding her as President and CEO of American General Life Companies is industry veteran James A. Mallon, currently President of American General Life and Accident Insurance Company (AGLA), a position he has held since 2004. In his new, broader role, Mallon will continue to lead AGLA.
  • The establishment of a new division that will seek growth in institutional markets for SunAmerica Financial Group. The Institutional Markets division will oversee the structured settlements, pension terminal funding, private placement life and annuity and COLI/BOLI businesses, as well as consider new opportunities. Institutional Markets will be led by Jonathan Novak, who joins SunAmerica from Goldman Sachs, where he served in that firm’s Financial Institutions Risk Management business leading a team focused on risk management solutions for insurance companies and banks.

“This is a unique time of opportunity, change and growth for SunAmerica Financial Group,” said Jay Wintrob, President and CEO of SunAmerica Financial Group. “Our new organizational structure will enable us to better serve our broad network of distribution partners as we work together to help even more Americans plan for and achieve financial and retirement security. We are very fortunate that our senior leadership team represents such a formidable combination of talented individuals with many years of experience with our organization as well as a number of exceptional new members who bring strong industry experience and a fresh perspective.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs