Robert C. Albanese, president/CEO of Pentegra Retirement Services, will retire June 30, 2013, the company announced Thursday.
In 2006, NAFCU Services Corp. added the White Plains, N.Y.-based Pentegra to its list of Preferred Partners to offer credit union members qualified retirement plans such as 401(k) plans and other defined benefit plans.
Pentegra’s board of directors has elected John E. Pinto to succeed Albanese as president/CEO. Currently serving as executive vice president and chief operating officer at the company, Pinto will also serve on Pentegra’s board when he takes the helm.
Albanese became Pentegra’s president/CEO in 2007. During his tenure, the company said it doubled its assets under management to over $8 billion. He also oversaw Pentegra’s acquisition of RSGroup in 2008, Alliance Benefit Group-Pentegra in 2011, and the acquisition of a block of business from National Life Group, according to the company.
Founded in 1943 by the Federal Home Loan Bank System, Pentegra offers a range of retirement programs.