World Investment Advisors, the financial services division of Iselin-based World Insurance Associates, on Tuesday said Kevin Ryan has been named chief financial officer. In this role, Ryan will be responsible for the financial management of the firm and partner with its businesses to manage capital allocation, support growth initiatives and manage and mitigate risk. He will report to Troy Hammond, World Investment Advisors’ CEO, and become a member of the firm’s executive team.
“Kevin has a proven track record of delivering sustained shareholder value, managing complicated M&A transactions and developing and implementing operational efficiencies,” Hammond said. “His diverse background and expertise within the financial management realm will prove advantageous for our next phase of growth. We are thrilled to have him join the team.”
Ryan’s addition to the team follows World Investment Advisors’ rebranding from Pensionmark in July. The firm supports over $55 billion in assets across its institutional and wealth management segments. In the last two years, the wealth management division has grown from $1 billion in assets under management to $11.5 billion. More than 60% of the firm’s revenues are fee-based.
Ryan has 24 years of financial management and executive experience. He also has an extensive mergers & acquisitions background, including industry operating experience for private equity-owned institutions along with enterprise-grade capital management capabilities to support World Investment Advisors’ aggressive organic and acquisition growth goals.
Before joining the firm, he was CFO of Xactus, a leading verification innovator for the mortgage industry.
“Joining WIA during this time of exponential growth and innovation is very exciting,” Ryan said. “I look forward to driving the overall financial strategy while partnering with the broader team to build on our market momentum and revenue growth.”
Ryan holds an MBA from Carnegie Mellon University and a B.S. in accounting from Cabrini University. He previously held his CPA license. Ryan will be based out of Philadelphia.
