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Nationwide Financial makes reorganization to expand financial services offerings

Nationwide Financial Services has revealed a reorganization to expand delivery of its financial services offerings.

The company said a new group assuming the name Nationwide Financial Network will include the current affiliated sales team, Nationwide Business Solutions Group and the Advanced Consulting Group.

Nationwide Financial Network will be led by Peter Golato, formerly senior vice president of individual protection.

Nationwide Financial added that its life insurance and annuity segments, the Individual Protection and Individual Investment Group, will be combined to form Individual Products & Solutions which will be led by Eric Henderson, who was previously senior vice president of the Individual Investments Group.

Nationwide Financial president and COO Kirt Walker said this realignment is designed to accelerate growth by further executing on Nationwide’s mutual strategy by delivering comprehensive financial services to their members.

"At the same time, enhancing our innovative capabilities within our life and annuity products strengthens our commitment to provide our key firms and advisors with the products and services necessary to help their clients prepare for a secure retirement," added Walker.