Hartford Financial Services Group has named David Levenson as new president of wealth management, effective July 1. He succeeds John Walters, current president of Hartford Life, who will be leaving company at the end of July.

Mr Levenson joined The Hartford in 1995 from Fidelity Investments, and since that time has worked in nearly every aspect of the company’s wealth management business. In 2005, he joined Hartford Investment Management Company (HIMCO) as managing director in charge of sales and marketing.

From 2006 to 2009 he was with Hartford Life Insurance KK, the company’s Japan subsidiary, later he was named president and CEO. He returned from Japan in July 2009 to serve as executive vice president leading the company’s in-force domestic variable annuity business and its international and institutional business segments.

Liam McGee, chairman and president and CEO of The Hartford, said: “I look forward to working with Dave as we implement our go-forward strategy and officially roll out the new organizational structure on July 1.

“Dave has a proven track record of building and managing several successful businesses at The Hartford, including launching the company’s mutual funds operations and revitalizing the retirement plans business.”