J.P. Morgan Retirement Plan Services announced that it has hired Bill McDermott in a newly created role as Head of Sales and Client Solutions. Mr. McDermott will oversee the teams responsible for distribution, relationship management, and the delivery of client solutions, including investment and participant communication and education services. He will be based in New York and will report to David Musto, Chief Executive Officer for Retirement Plan Services. He also will serve on the Executive Committee of J.P. Morgan's Retirement business, led by Michael Falcon. Mr. McDermott previously led the defined contribution business at Goldman Sachs Asset Management. Before that, he developed new distribution channels for annuity and investment products at AXA Equitable and led business development, relationship management, marketing, communications and education in the retirement services and benefits administration businesses at Fidelity and Hewitt.

J.P. Morgan Retirement Plan Services LLC has hired Carol Waddell as Managing Director and Head of Product and Marketing. Waddell will oversee the development of retirement products and investment solutions for all RPS client segments, and ensure alignment of marketing programs with other business channels across J.P. Morgan Asset Management. She will be based in New York and will report to David Musto, Chief Executive Officer for Retirement Plan Services. Waddell joins most recently from T. Rowe Price, where she worked for the last 17 years in various leadership roles providing oversight for defined contribution, defined benefit and non-qualified plan product development and marketing, including customer web sites and tools, investment products, and services for intermediaries, plan sponsors and participants.