To oversee Newport's BOLI client development and administrative support units

The Newport Group, a national provider of retirement and executive benefit plans and investment consulting services, has appointed Ann Ennis as vice president of financial institution services.

In this newly created role, Ms Ennis will build on the company’s established presence in the bank and financial institution marketplace.

Ms Ennis will expand Newport’s distribution by leveraging existing intermediary relationships and developing new channels and relationships. She will oversee Newport’s BOLI client development and administrative support units.

Most recently, Ms Ennis served as national executive benefits director with Great-West Life, where she was responsible for BOLI and COLI product sales. She held a similar role with Prudential, and has worked with firms including New York Life, Northwestern Mutual and Clark Consulting.

Bryant Kirk, chief operating officer of Newport, said: “Ann is a well-known figure in the industry, with 20 years of experience specific to BOLI, COLI [corporate owned life insurance], and executive benefits. Creating this position and filling it with a seasoned, high-caliber executive like Ann demonstrates our commitment to this important segment of our business.”

Ms Ennis said: “Newport has many years of experience designing customized BOLI programs and fully supporting them with consulting, asset management, compliance and administration. It’s a pleasure to join a firm which is a recognized leader in this field.”