Industry veteran brings experience in leading large RS operations, keen focus on customer
INDIANAPOLIS (June 26, 2018) — OneAmerica today announced the appointment of Sandy McCarthy as president of Retirement Services. A new addition to the OneAmerica team, McCarthy brings more than 30 years of industry experience, including key leadership roles at Mercer, ING (now Voya) and CitiStreet.
“As OneAmerica continues significant growth, it’s essential to find leaders who align with our vision and values and possess the business acumen to continue to drive performance within our lines of business,” said Scott Davison, OneAmerica chairman, president and CEO. “Sandy’s deep experience, alongside her impressive accomplishments in leading large retirement businesses will allow us to compete at an even higher level as we continue to grow and expand our services.”
An Extensive Resume
McCarthy comes to OneAmerica with an extensive resume and will transition from a consulting role with her own firm. Previously she spent seven years in leadership roles as a senior partner at Mercer. Most recently, she served as North America Region Benefits Administration Business Leader, representing $71 billion in assets under administration and 4 million participants, following positions in global client management and Asia Pacific Outsourcing Business Leader/CEO while living in Australia, where she led a workforce of 1,400. Before joining Mercer, McCarthy was a 14-year contributor at ING (now Voya) and its legacy companies, serving as president, Institutional Plan Services. Prior to the acquisition of CitiStreet by ING in 2008, she served as president and board member of CitiStreet, LLC, representing $265 billion assets under administration, over 11 million participants and a workforce of about 3,600. Her past leadership positions also include service with Fidelity Investments, Bank of America and State Street.
McCarthy graduated with honors from Tufts University, earning both her undergraduate in sociology/education and Master of Arts degree in education, then completing an MBA from the Fuqua School of Business at Duke University. She served on the board of directors of the American Benefits Council, Employee Benefits Research Institute, Spark Institute and Boys and Girls Club of Middlesex County Massachusetts. She was also a founding member of the Superannuation Industry Leadership Group in Australia. She currently serves on the board of trustees for the Children’s Center for Communication Beverly School for the Deaf as well as a mentor for the Entrepreneurship for All (EforAll) program.
“OneAmerica is extremely well positioned to provide relevant and innovative solutions to its plan sponsors and participants, and I look forward to joining the OneAmerica team,” said McCarthy. “I am impressed with the quality of the people, as well as the organization’s focus and commitment to customers, and am delighted to lead our efforts to drive successful outcomes within the retirement industry.”
A national leader in the insurance and financial services marketplace for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit oneamerica.com/about-us/companies-of-oneamerica.