Edmund F. Murphy III

President, Empower Retirement

Ed Murphy joined Great-West Financial® in 2014 as president of its retirement business. He provides leadership and strategic direction for Empower, including all defined contribution, defined benefit, institutional and rollover markets. He also has overall responsibility for sales, marketing and global operations.

Before becoming head of Empower, Murphy held a series of senior executive positions in the retirement and asset management industries since 1984. He was head of defined contribution at Putnam Investments since 2009. In this role, he led the firm’s retirement services business, including 401(k), Taft-Hartley, IRA/IRA rollover, brokerage and investment-only activities. He joined the firm’s Operating Committee in 2011.

Previously, Murphy held executive leadership roles for nearly 20 years at Fidelity Investments, in its institutional, private equity and retail businesses. Murphy also served as President and CEO of Veritude, LLC, and as board member of BostonCoach. Murphy provided leadership to several other Fidelity-owned companies as well. Earlier, he spent six years with Merrill Lynch.

Murphy has written articles on retirement-related matters and has testified in Washington, D.C., before the House Ways and Means Committee. He also has testified before the Departments of Labor and Treasury and the Internal Revenue Service. He speaks on topics ranging from investment advice to lifetime income solutions for retirees.

Murphy serves on the boards of the Employee Benefit Research Institute, Cristo Rey School, Boston College Wall Street Council, Jobs for the Future and New England Council. He earned a bachelor’s degree from Boston College. Murphy also is a graduate of the General Manager Program at Harvard Business School.


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