Another OppenheimerFunds Inc. employee has left for Allstate Corp.
Robert Shore, a seven-year veteran of Oppenheimer, became the Northbrook, Ill., company's national sales manager for fixed and variable annuity sales through banks on Jan. 1, said Maryann Bruce, president of Allstate Financial Distributors Inc.
Ms. Bruce said she was familiar with Mr. Shore's work in wholesaling and business development at Oppenheimer, where she was director of OppenheimerFunds's financial institution unit before joining Allstate last October. Mr. Shore's primary responsibility will be training wholesalers who serve banks.
Allstate has more than 20 banks selling its annuity products, Ms. Bruce said. Her goal is to build the number of bank clients selling Allstate- underwritten products, she said. She also said she would like Allstate to increase total annuity sales by 25% this year.