Nationwide expands retirement product leadership team

Nationwide Retirement Solutions announced that Adam Lacks has been appointed associate vice president (AVP) of Product Development for government markets, effective April 27. In this role, he will report to Hutch Schafer and lead product strategy, design and development for the Retirement Solutions business supported on the DCdirect recordkeeping platform.

Lacks will oversee the development of new products, features and capabilities designed to keep Nationwide’s retirement plans business aligned with and ahead of the evolving public sector defined contribution marketplace. He will also work closely with Sales, Operations, Legal, Finance, Marketing and Technology to help deliver solutions, advance key initiatives, and drive consistent execution and adoption.

Before stepping into this role, Lacks served as AVP, Retirement Solutions Finance, where he led pricing strategy across retentions, acquisitions, plan enhancements, Stable Value Wrap and Nationwide Trust Company. Prior, he was in Retirement Solutions where he led the Government Solutions Center, where his teams delivered award-winning service1 and implemented key technology and process improvements.

Lacks holds a Master of Science in Management from The American College and a bachelor’s degree in political science from Ohio University, where he was recognized as a Collegiate Distinguished Military Graduate. He also maintains FINRA Series 6 and 26 registrations.

“Adam brings a strong combination of product expertise, finance acumen and deep experience in our government market. He understands what our partners, plan sponsors and participants need, and he knows how to translate those insights into practical solutions. With Adam leading our public sector product strategy, we’re well positioned to continue evolving our offerings, delivering meaningful innovation and helping public sector clients achieve better retirement outcomes.” – Schafer, vice president of Retirement Solutions product development.