NEW YORK, May 9, 2013 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that Joe Carpenter will assume the role of president of NFP Executive Benefits.
NFP Executive Benefits is one of the country's top executive benefits practices, with 12 offices nationwide that specialize in the development and administration of nonqualifed plans, bank-owned life insurance programs and executive life and disability products.
Mr. Carpenter, who will report directly to Ed O'Malley, president of the NFP Corporate Client Group, has been with NFP since 2000 and has served as a managing director at NFP Executive Benefits' Nashville, TN, office. He has also been a member of PartnersFinancial since 1993, and served on its advisory board. With more than 35 years of experience in the insurance and financial services industry, Mr. Carpenter is well-recognized for his expertise and understanding of executive compensation and benefits issues, as well as his ability to creatively design, implement and administer nonqualified benefits plans.Commenting on today's announcement, Mr. O'Malley said, "Joe's experience and relationships within the NFP organization and the industry make him the ideal person to lead our executive benefits business nationally. We are thrilled that he has accepted the opportunity, and are confident that his leadership and his talented team will further advance the success of NFP Executive Benefits." About NFP Executive BenefitsNFP Executive Benefits, a part of NFP Corporate Client Group, provides nonqualified plan consulting and administration, institutional funding solutions for corporations and banks, and executive life and disability for executives and boards of directors. The group provides its industry-leading services to over 1,100 corporations and banks in the United States as well as more than 25 other countries. To learn more, visit www.nfpeb.com. About NFP National Financial Partners Corp. (NYSE: NFP) and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP's national scale and resources. NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, retirement plans and property and casualty insurance. The Individual Client Group includes retail and wholesale life insurance brokerage and wealth management advisory services. The Advisor Services Group serves independent financial advisors by offering broker/dealer and asset management products and services. Most recently NFP was ranked eighth on Business Insurance's 100 Largest Brokers of U.S. Business; second on Business Insurance's Largest Agents and Brokers Headquartered in the U.S. Northeast; and as the ninth Top Global Insurance Broker by Best's Review. It operates the third largest executive benefits provider of nonqualified deferred compensation plans by total clients as ranked by PlanSponsor; operates a top 10 independent broker/dealer as ranked by Investment Advisor; and has three advisors ranked in Barron's Top 100 Independent Financial Advisors. NFP is also a leading independent life insurance distributor, according to many top-tier carriers. For more information, visit www.nfp.com. SOURCE National Financial Partners Corp.