NISA Hires Again for DC Lifetime Income Team

Another 401(k) expert from AllianceBernstein joins the famed LDI firm.

Bill Marshall_NISABill Marshall, Director of DC Product Strategy & ImplementationNISA Investment Advisors has invested in more talent for developing defined contribution (DC)-specific income products, CIO has learned.

The firm hired Bill Marshall from AllianceBernstein as director of DC product strategy and implementation. Marshall joined the St. Louis, Missouri-based manager last month, according to his LinkedIn.

“NISA is committed to the defined contribution market and Bill’s hire is another important step for us in bringing default solutions to DC that are focused on managing retirement risks for participants and plan sponsors alike,” David Eichhorn, NISA’s managing director of investment strategies, told CIO.

Marshall is a visionary and a target-date fund veteran, Eichhorn continued, and will help NISA develop its house view on securing retirement income. This includes building out the product’s platform and system, he said.

NISA’s first DC hire Mark Fortier worked at AllianceBernstein alongside Marshall on United Technologies’ annuity-like option. 

Marshall also spent time at Allstate Financial where he created a target-date fund series “with innovative guaranteed income option using deferred annuities”—a first in the market, according to his LinkedIn.

NISA, a liability-driven investing expert, first jumped into DC last year, hiring Fortier also to lead income products. 

“We are intellectually curious people,” CEO Jess Yawitz told CIO in March 2015. 

“But while we have often explored different product ideas, NISA has rarely acted upon any of those musings,” Yawitz continued. “It goes without saying that the recent investments we have made in people and resources in the custom target-date fund space signifies our commitment to delivering the innovative, yet practical solutions for clients.”

Related: NISA Aims for DC Retirement Income Market with Major Hire