4 Trends Reshaping Defined Contribution Plans
We analyzed our top 25 defined contribution plans, representing $225 billion in assets, and identified 4 key trends reshaping the DC landscape. Learn how these plans are on the leading edge of the trends, using menus to drive retirement outcomes for their participants.
Sabrina Bailey is the Global Head of Retirement Solutions and a member of the Operating Group and Business Leadership Council. In her role, Sabrina has responsibility for the development and deployment of Northern Trust’s defined contribution strategy globally. In this role, she leads the talents and resources of the Retirement Solutions team, partnering with the distribution and client service teams, to ensure clients have access to the defined contribution expertise and services they need, when they need it. In 2016, Sabrina was named a "40 under 40" by Crain’s Chicago Business, being selected for the business leadership honor from more than 1,000 nominees. She has addressed various industry groups at conferences and been quoted in the press (Financial Times, Pension and Investments, PLANSPONSOR, USA Today, and the Wall Street Journal).
Prior to joining Northern Trust, Sabrina served as the US Defined Contribution Segment Leader for Mercer Investments. In her role, she was responsible for building Mercer Investments’ DC business through the deployment of innovative solutions and intellectual capital to consultants, clients and the market. Additionally, she provided investment consulting services to some of Mercer’s largest retirement plan clients and served as the chair of the DC Strategy Committee. Prior to her role at Mercer, Sabrina held the Seattle Office Leader position for Towers Watson Investments, as well as provided investment consulting services to corporate, not-for-profit and governmental sponsors of retirement plans. Before joining Towers Watson, Sabrina held investment consulting and manager research positions at RogersCasey and Arnerich Massena & Associates in Portland, Oregon.
Sabrina received her B.A. in Business Economics and Management and her M.B.A. in Organizational Leadership from George Fox University. She is an active member of Savings Re-Imagined, Save our Savings Coalition, and the Defined Contribution Institutional Investment Association where she serves on both the Editorial Review Board and the Global Committee.
Gaobo Pang, Ph.D., CFA, is a Senior Vice President and Head of Research for Retirement Solutions at Northern Trust Asset Management in Chicago. He leads advanced analytics, develops and evaluates optimal strategies in the lifecycle framework, and has a special focus on behavioral finance, with the ultimate objectives for innovative and customized solutions in the fast-growing DC asset management business.
Prior, he was a Senior Economist at Towers Watson, provided consulting services in benefits and risk management, and supervised research in pension finance, qualified investment alternatives, and income strategies. Prior to his role at Towers Watson, he was at the World Bank conducting macroeconomic research on sovereign debt sustainability, economic growth, and efficiency of public spending.
Dr. Pang speaks at academic and practitioner meetings and his work has been published in leading peer-reviewed journals. He was a 2011 Finalist for TIAA-CREF Paul A. Samuelson Award for “Outstanding Scholarly Writing on Lifelong Financial Security” and was the winner of the 2014 Risk Management and Insurance Review (RMIR) Best Article Award.
Pang holds a Ph.D. in Economics from the University of Maryland, College Park, a M.S. in Finance from Tsinghua University (formerly the GSPBC), and a B.A. in International Economics from Fudan University. Pang is a holder of the right to use the Chartered Financial Analyst® designation.
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