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Phil Marsillo, senior vice president of Toronto-based Canada Life Assurance Co.’s distribution department, will be retiring this summer after almost 25 years with the firm and 14 years in his current position.

Nick Pszeniczny, executive vice president of Winnipeg-based Great-West Life Assurance Co.’s, Canada Life’s and London, Ont.-based London Life Insurance Co.’s combined distribution organization, recently renamed as Advisory Network, announced Marsillo’s pending retirement on Thursday.

“Phil has earned the respect of colleagues and advisors, alike,”

Pszeniczny says. “The relationships Phil built with principals in our managing general agencies and national account leaders have reinforced strong partnerships with Canada Life.”

Marsillo’s retirement is the latest in a series of moves for the three insurers. Last week, Pszeniczny announced that Mike Cunneen, former senior vice president of Freedom 55 Financial’s wealth and estate planning group, will now lead wholesaling and product solutions for the Advisory Network while Dave Kent, most recently vice president and senior sales officer, individual insurance, product sales and marketing with the organization, will lead the Advisory Network’s distribution

Read: Two execs named to new roles as part of GWL reorganization

The moves are part of the next phase of an organizational restructuring the firms announced late last year that will see their Canadian operations centred around three business units: one focused on individual customers; one focused on group customers; and one focused on strategic customer marketing.

Read: GWL, Canada Life and London Life restructure their Canadian operations

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