Ex-Nationwide Financial gatekeeper Mike Russo has resurfaced at New York Life Insurance Company as an insurance agent.
Russo was previously head of manager strategies for Nationwide Mutual funds and Variable Insurance Trust funds.
In his new role at New York Life he will provide insurance solutions for college funding, retirement and managing costs for extended periods of care.
He is based in Horsham, Pennsylvania and reports to the head of that office, Alfredo Rodriguez.
'Given the knowledge I have on the institutional market place, I wanted to bring that to the individual market place to help individuals avoid being taken advantage of,' Russo told Citywire.
‘I want to simplify complex financial issues for individuals who are not well versed in the space.’
Russo exited Nationwide in December 2016, amid a wider restructure which saw Nationwide relocate its investment management team from King of Prussia, Pennsylvania to Columbus, Ohio.
Russo did not want to relocate so left the firm.
In his role at Nationwide he was responsible for choosing and monitoring subadvisors for the firm’s mutual funds.
He was replaced by Tom Miller, who was in the position for six months before also deciding to remain in Pennsylvania rather than move to Ohio.
He left Nationwide to join Chatham Financial subsidiary, Union Square Capital Partners, where he a took a role as chief investment officer.
While Nationwide did not directly replace Miller, the team was restructured and his responsibilities were redistributed among Luke Garland, Jessica Lau and Adam Messerschmitt.
A New York Life spokeswoman could not be reached for comment in time for publication.