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View More Press Releases by Defined Contribution Institutional Investment Association [DCIIA]

Press Release

Defined Contribution Institutional Investment Association Retirement Research Center Announces Leadership Transition

Issued by Defined Contribution Institutional Investment Association [DCIIA]

Jan. 20, 2023

Pam Hess Promoted to Executive Director; Warren Cormier Retains Key Role as Director Emeritus and Proprietary Projects Lead

JUPITER, FL – The Defined Contribution Institutional Investment Association (DCIIA) is pleased to announce a long-planned leadership change in the Retirement Research Center (RRC) – Pam Hess has been promoted to executive director of the RRC, while Warren Cormier, founding executive director, will remain actively involved as director emeritus.

“We are so pleased to have Pam move into this natural expansion of her role as a key contributor to the RRC’s leadership,” said Lew Minsky, president and CEO, DCIIA. “We are grateful to Warren for his leadership in helping us launch and grow the RRC over the last five years and look forward to him continuing to play an important role in its ongoing evolution.”

Hess assumes day-to-day leadership of the RRC team and projects, which include strategic projects conceptualized and executed in collaboration with RRC members and partner projects conducted jointly with industry peers. Cormier will be available as an RRC resource but will specifically focus on expanding the RRC’s proprietary projects pipeline, where custom research is conducted exclusively for one organization.

Hess joined DCIIA as the RRC’s vice president of research in 2021. Previously, she was with Aon Hewitt as director of retirement research. Earlier in her career, Hess worked on the investment side at Aon Hewitt and with other firms in the financial services industry, including Smith Barney. She received a bachelor's degree in finance from The University of Illinois, at Chicago. She earned her master's in business administration from The University of Chicago Booth School of Business, with concentrations in accounting, finance and managerial & organizational behavior. Pam is also a CFA Charterholder since 2002. She is based in Charlotte, NC.

Cormier joined DCIIA in 2018 as the RRC’s inaugural executive director. He had previously served as CEO and co-founder of Boston Research Technologies and as president and founder of Boston Research Group. Cormier is a veteran in the financial services industry with more than 25 years of experience in research for investment companies, banks and insurance companies. He is also recognized as a market research leader in the defined contribution industry. Warren is the cofounder of the Behavioral Finance Forum with Dr. Shlomo Benartzi and is based in Charlotte, NC.

About DCIIA and the RRC

Founded in 2010, DCIIA is a non-profit association dedicated to enhancing the retirement security of America’s workers. DCIIA’s 250+ member organizations include investment managers, consultants and advisors, law firms, recordkeepers, insurance companies, data providers, plan sponsors and others who are collectively committed to the best interests of plan participants. DCIIA is the association partner of the Journal of Retirement.

DCIIA also conducts proprietary research and participates in industry collaboration on retirement topics via the RRC. The RRC conducts rigorous, industry-informed research that is focused on actionable insights and adheres to a disciplined research methodology, governance, and validation process. The RRC’s goal is to serve the industry and stakeholders as a reliable, fact-based, and authoritative research resource supporting improved financial and retirement security through public policy, behavioral factors that affect decision-making, and innovation. For more information, visit: www.dciia.org.

View More Press Releases by Defined Contribution Institutional Investment Association [DCIIA]


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