OneAmerica has named Sandy McCarthy president of retirement services. She is transitioning from a consulting role with her own firm. McCarthy previously 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, she 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 in 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 from Tufts University, with honors, earning both her undergraduate degree 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 in Massachusetts. McCarthy 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 program.
Also, Dennis Martin has been promoted to president of individual life and financial services. He has been with the company since 2009 and previously served as senior vice president of product and business development for ILFS, overseeing insurance operations and product development for life, annuity and asset-based long-term care, as well as broker-dealer operations. Martin also provided leadership and vision for the current and future product portfolio and worked to identify opportunities for expansion.
Earlier in his career, he gained actuarial and marketing experience at Great-West Life in Canada and spent eight years with the Western & Southern Financial Group and Columbus Life. In addition to his actuarial and product knowledge, Martin has significant experience working directly with sales and distribution across multiple channels. A graduate of the University of Manitoba, with honors, earning a Bachelor of Science degree in statistics and actuarial science, Martin is a Fellow in the Society of Actuaries and Canadian Institute of Actuaries, and a member of the American Academy of Actuaries. He also serves on the board of directors for School on Wheels in Indianapolis.