Great-West Lifeco U.S. Inc. will acquire a majority stake in Kansas City-based J.P. Morgan Retirement Plan Services LLC, creating one of the nation's largest operations.
The operation manages about $160 billion in assets under administration and employs more than 1,000 people. J.P. Morgan will be merged into Great-West Lifeco subsidiary Great-West Financial’s $220 billion operation, with the deal expected to close in the third quarter. The merged operation will be a retirement portfolio powerhouse,…
Great-West Lifeco U.S. Inc. will acquire a majority stake in Kansas City-based J.P. Morgan Retirement Plan Services LLC, creating one of the nation's largest operations.
The operation manages about $160 billion in assets under administration and employs more than 1,000 people. J.P. Morgan will be merged into Great-West Lifeco subsidiary Great-West Financial’s $220 billion operation, with the deal expected to close in the third quarter. The merged operation will be a retirement portfolio powerhouse,…