PE-owned Advisor Group recruits Larsen as HR chief

Broker-dealer network Advisor Group, which is owned by Lightyear Capital LLC, has hired Andrea Larsen as chief human resources officer. Previously, Larsen worked as a human resources executive at GE Capital real estate’s North America platform.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Advisor Group, one of the largest independent broker-dealer networks in the nation, has named Andrea Larsen as Chief Human Resources Officer and head of the network’s human resources department.

Larsen joins Advisor Group with more than 20 years of experience in human resources (HR) and a keen ability to partner with business leaders to drive growth through the building of organizational depth, expertise and capabilities. In her new role with Advisor Group, Larsen will lead, develop and execute HR strategies in support of the network’s business plan and strategic direction. She will focus on talent and performance management, compensation, benefits, HR operations/payroll, change management, organizational design, and employee engagement and development.

Larsen most recently served as the Human Resources Executive for GE Capital Real Estate’s North America platform where she provided organizational effectiveness, talent development and talent management support.

Larsen joined GE in 1994 in the role of Human Resources Manager for GE Capital, Commercial Equipment Finance (CEF) and was later promoted to Vice President, HR Field Operations. After seven years with CEF, she assumed the position of Managing Director, Human Resources for GE Capital, Healthcare Financial Services. She went on to be named the Global HR Compliance Executive for GE Healthcare after serving as the Senior Human Resource Manager of the Finance, Information Management, Legal, Six Sigma, Communications, Marketing and Business Development organizations.

“We are thrilled to welcome Andrea to our talented home office team,” said Erica McGinnis, President and CEO of Advisor Group. “Andrea has the critical responsibility of building out our HR function as we transition to our new stand-alone company. We’re confident that Andrea’s addition will make our transition that much more successful and will set us up for success with regards to human resources strategies in the future.”

As Chief Human Resources Officer, Larsen will report directly to McGinnis.

“I am honored to be joining the Advisor Group family,” said Larsen. “I have the unique opportunity to help grow Advisor Group, while establishing the HR function during this period of transition and I am excited about the prospect. Advisor Group is known as a leader in the financial services industry in so many ways and I look forward to contributing to the business’ continued growth and success.”

Larsen received her Bachelor of Science degree in Psychology with an emphasis in Human Services from the University of Wisconsin.

Advisor Group was recently purchased by investment funds affiliated with Lightyear Capital LLC, a New York-based private equity firm focused on financial services investing, and PSP Investments, one of Canada’s largest pension investment managers, along with other co-investors. The broker-dealer network now operates as a standalone independent company.

About Advisor Group Inc.
The Advisor Group network of independent broker-dealers is among the largest in the United States. The four broker-dealers that comprise Advisor Group – FSC Securities Corporation, Royal Alliance Associates, Inc., SagePoint Financial, Inc. and Woodbury Financial Services, Inc., members FINRA/SIPC – foster the spirit of entrepreneurship and independence that our more than 5,200 independent advisors exemplify. For more information, please visit www.advisorgroup.com.