Retired Commissioner of the North Dakota Department of Financial Institutions and Ascensus CFO Appointed as Board Members
Dresher, PA—Ascensus, a technology-enabled service provider that helps more than 7 million Americans save for the future, has appointed Bob Entringer and James Lucania to the board of directors for Ascensus Trust.
Ascensus Trust provides comprehensive trust and custodial services to employee benefits plans across the nation, offering integrated solutions that increase efficiency and make it simpler for business owners to manage their plans. It is overseen by a seven-member board of directors (four independent and three internal).
Entringer joins the board as an independent director, bringing over 35 years of experience to his role. Prior to joining the board of directors, he served as Commissioner of the North Dakota Department of Financial Institutions, where he was responsible for regulating financial institutions, protecting the public, and ensuring that federal regulation did not infringe on state chartered institutions’ abilities to effectively serve their clients. Entringer replaced Clifton “Buzz” Hudgins, who retired from the board after serving since 1992.
Continuing independent board members include:
- Marilyn Foss, general counsel for the North Dakota’s Banker Association, a director since 1987;
- Jim Hambrick, senior vice president of Cornerstone Bank, a director since 2016; and
- Sandi Piatz, site leader of Fargo, ND Microsoft Campus, a director since 2017.
Lucania joins the board as an internal member and will serve as chairman, bringing extensive financial services industry experience to his role. He currently serves as Ascensus’ chief financial officer. Continuing internal board members include Rick Irace, chief operating officer of the firm’s retirement division, and Brad Kraft, president of trust services.
“We’re excited for Bob and James to join the Ascensus Trust board of directors,” said Bob Guillocheau, Ascensus’ chairman and chief executive officer. “Their industry experience and leadership skills will go a long way toward helping us shape policies that enhance the client experience and help more Americans save for life’s most important milestones.”
Ascensus helps more than 7 million Americans save for the future—retirement, college, and healthcare— through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports approximately 54,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.6 million IRAs and health savings accounts. As of December 31, 2017, Ascensus had over $163 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.
View career opportunities at http://careers.ascensus.com/page/show/tpa and careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.