Edmund F. Murphy III

Edmund F. Murphy III is President and CEO of Empower, where he provides leadership and strategic direction for the company’s operating units: Empower Retirement, Personal Capital and Great-West Investments™. He also serves as a board member of Great-West Life & Annuity Insurance Company and as a strategic advisor to Diagram Ventures.

Mr. Murphy brings 30 years of broad leadership experience to his role. He was appointed as the inaugural president of Empower upon its formation in 2014 and has led the organization through a period of strong and sustained growth, positioning the firm as the go-to provider of financial services for more than 12 million Americans.

Under his leadership, Empower has grown into a national leader serving working Americans across all sectors of the U.S. economy. Empower has completed several strategic acquisitions, including the retirement businesses of J.P. Morgan, Prudential, MassMutual, Truist Bank and Fifth Third Bank. In 2020, Empower acquired Personal Capital, a registered investment adviser and wealth manager. Empower has assets under administration of more than $1.4 trillion and serves some 71,000 corporate, government and not-for-profit plans.1 2

A much sought-after thought leader as an advocate for the nation’s retirement investors and the defined contribution system, Mr. Murphy is regarded as a driving force for industry innovation and public policy reform. He meets regularly with policymakers in Washington, D.C., and has testified before Congress, the Department of Labor, the Treasury Department and the IRS.