The Hartford Financial Services Group has named David N. Levenson president of wealth management.

 John C. Walters, current president of Hartford Life, will leave The Hartford at the end of July to pursue other opportunities.

"I look forward to working with Dave as we implement our go-forward strategy and officially roll out the new organisational structure on July 1," says Liam E. McGee, chairman, president and chief executive officer of The Hartford. "Dave has a proven track record of building and managing several successful businesses at The Hartford, including launching the company's mutual funds operations and revitalising the retirement plans business. The breadth of his experiences across the organisation and his leadership skills makes him an excellent choice to lead Wealth Management."

Levenson joined The Hartford in 1995 from Fidelity Investments, and since that time has worked in nearly every aspect of the company's wealth management business. He led the development of The Hartford's mutual funds operations and also ran the retirement plans business before heading the retail products business. In 2005, he joined Hartford Investment Management Company as managing director in charge of sales and marketing.

From 2006 to 2009 he was with Hartford Life Insurance K.K., the company's Japan subsidiary, where he initially was charged with leading a turnaround as head of product and distribution and ultimately was named president and chief executive. He returned from Japan in July 2009 to serve as executive vice president leading the company's in-force domestic variable annuity business and its international and institutional business segments.