David Musto Named President of Dresher-Based Ascensus

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David Musto, who most recently served as president of Great-West Investments, will join Dresher-based Ascensus in early September.

Ascensus, a technology-enabled solutions provider based in Dresher that helps more than 7 million Americans save for the future, has announced that David L. Musto has been named as the firm’s president.

Founded in 1975, Ascensus is the nation’s largest independent retirement and college savings services provider, with more than $139 billion in assets under administration.

Musto will report to Bob Guillocheau, who will take on the role of chairman, in addition to his duties as chief executive officer.


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As president of Ascensus, Musto will focus on continuing to grow the firm’s existing businesses, overseeing the day-to-day operations of the retirement and college savings divisions, including sales and technology. He will also maintain and expand existing client relationships while looking to establish new partnerships.

Musto, who most recently served as president of Great-West Investments, will join Ascensus in early September. He has consistently demonstrated the ability to drive growth as a business leader throughout a career that spans more than 25 years, holding executive and senior leadership positions at Empower, J.P. Morgan, Prudential, and CIGNA.

“Ascensus is an obvious leader in all of its lines of business, and its future prospects are incredibly bright,” said Musto. “I’m looking forward to working with Ascensus’ leadership team and being a meaningful contributor to the firm’s continuing growth and value story.”

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