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Newport appoints north-eastern regional director

The Newport Group, a full-service provider of qualified and non-qualified retirement plans, has appointed Alan Valenca to the position of regional director of qualified plans for the firm's north-eastern region, reporting to Newport's chief marketing officer Tom Pittman.

As a regional director, Mr Valenca will develop business relationships and identify market opportunities to promote the sale of the firm’s qualified retirement plan administration and investment services to third-party intermediaries.

Most recently, Mr Valenca held a similar position within the retirement services national accounts division of automatic data processing, where he was the top producing retirement plan salesperson for the past two fiscal years. He has also held the positions of vice president of retirement plan services with Morgan Stanley, and senior vice president with the Boston-based retirement services firm of Walker MacRae.

Mr Pittman said: Alan’s technical expertise is an ideal complement to Newport’s consultative sales process. His experience with mid-size to large-size plans in the qualified marketplace, along with his work with the financial advisor community, will further enhance Newport’s retirement plan distribution capabilities.