Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, has appointed Jim Lyday as head of Institutional Retirement Solutions Distribution. Lyday will be responsible for leading the growth strategies for the distribution of Lincoln's defined contribution business in the full-service mid-to-large employer retirement plan market. Prior to joining Lincoln, Lyday most recently served in various senior management roles for Prudential Financial and The Principal Financial Group, where he was responsible for developing and implementing growth strategies for their Defined Contribution businesses.
Lincoln Financial Group, based in Philadelphia, had assets under management of $162 billion as of March 31, 2011. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services.