Kevin Jestice to lead Nationwide Investment Management Group
Kevin Jestice has been tapped as the new leader of Nationwide’s Investment Management Group (IMG). Jestice joined Nationwide two years ago, and currently serves as Vice President of Internal Sales and Service (ISS) and Institutional Investments Distribution (IID).
In his new role, Jestice will have leadership responsibility for all aspects of Nationwide’s Mutual Fund and ETF business, including portfolio management, investment advisory, broker-dealer, operations, business and product development.
“Kevin’s proven leadership—combined with his extensive investment and asset management experience, knowledge of the financial services industry, and sales and service expertise—make him uniquely qualified to lead this important business,” said John Carter, President and COO of Nationwide Financial. “His entrepreneurial mindset, collaborative approach, and ability to build relationships with and influence stakeholders will help IMG build on its already strong foundation.”
In his role as leader of Nationwide’s ISS and IID teams, Kevin was responsible for providing vision, direction and strategic leadership. This includes developing the strategy to further expand Nationwide’s reach and profitably grow institutional sales of mutual funds and exchange-traded funds, and leading a team that provides service to millions of customers, financial professionals and firms.
Prior to Nationwide, Jestice spent more than 13 years at Vanguard, most recently serving as Principal, Head of Enterprise Advice, where he built a new sub-division focused on improving outcomes for individual investors through advice and education. He also served as Principal, Head of Institutional Investor Services, where he led a team of 250+ investment professionals, relationship managers and operations professionals to serve Vanguard’s institutional asset management clients. In his time with Vanguard, he also led the outsourced chief investment office business and transformed Vanguard’s consultant sales model.
Before Vanguard, Kevin held a variety of roles with increasing responsibility at EnnisKnupp + Associates (now Aon Investments), including managing consulting relationships with corporate defined contribution and defined benefit (DB) plans, multi-billion-dollar public DB plans and health care entities. He also conducted due diligence evaluations of investment managers and provided thought leadership to clients.
“Kevin’s deep expertise in this field – combined with his exceptional leadership – will be an asset as we work together to build mutually beneficial relationships and help clients protect and grow their assets,” Carter said.