MassMutual Hires Citigroup's Ahmed as Chief of Human Resources

  • Ahmed replaces Palermino, who is retiring from insurer
  • Crandall says HR to play `critical role' attracting talent

Massachusetts Mutual Life Insurance Co., the 164-year-old policyholder-owned carrier, hired Citigroup Inc.’s Eddie Ahmed as chief human resources officer.

Ahmed replaces Debra Palermino, who is retiring after a decade with the company, the Springfield, Massachusetts-based insurer said in a statement Wednesday.

Chief Executive Officer Roger Crandall is focusing on drawing talent as the insurer bolsters operations including investment arms such as Cornerstone Real Estate Advisers and OppenheimerFunds. At Citigroup, the third-largest U.S. bank, Ahmed was most recently managing director of HR for Europe, the Middle East and Africa, according to his LinkedIn page. Previously he spent 17 years at Morgan Stanley, according to the statement.

“Our Human Resources team plays a critical role in attracting, developing, training and retaining our employees,” Crandall said in the statement. “Eddie brings to MassMutual an impressive history of more than two decades of global financial-services leadership and experience – in roles ranging from operations to technology to human resources.”

Ahmed has bachelor’s degrees in computer science and international relations from Tulane University, where he also earned an MBA, according to the statement. A spokesman for Citigroup declined to comment.

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