Jefferson National Hired Naro as CEO of Asset Management Arm

Jefferson National Financial Corp. announced Thursday it named Sal Naro chief executive officer of JNF Asset Management.

Naro, who was the former Markit Group executive vice president and Sailfish Capital’s co-founder and managing partner, was also appointed vice chairman of the parent company Jefferson National Financial Corp. and elected to its board of directors.

He will be a key strategist in expanding the Jefferson National franchise, driving the performance and growth of JNF Asset Management and leveraging its potential to build products for advisors and their clients.

Jefferson National, which has more than $2 billion in asset, launched the industry’s first flat-insurance fee variable annuity.

Naro, who resigned from Markit Group earlier this month, served since 2008 as executive vice president and global head of valuation and risk analytics services. Prior to Markit, he co-founded Sailfish Capital Partners, a fixed income hedge fund, in 2005.

Before that, he worked at UBS.

Also joining Naro at Jefferson National is Gregory MacKay, a former managing director at PrinceRidge, LLC. Mackay served with Naro as a partner and portfolio manager at Sailfish from 2005 to 2008 and at UBS from 2000 to 2005.