ITM TwentyFirst helps banks, trust companies, advisors and investors manage in-force life insurance policies and life insurance trusts. The more than 150 team members at ITM TwentyFirst administer over 25,000 policies for more than 200 institutional clients.
February 14, 2017 – Minneapolis, MN – ITM TwentyFirst – www.itm21st.com
ITM TwentyFirst, a leading provider of life insurance trust services to financial institutions, today announced the hiring of Walt Lotspeich, a 20-year trust industry veteran based in the Philadelphia area. Walt will be responsible for new business development and sales focusing on the Northeast corridor.
Over the last few years, there has been a surge in demand from financial institutions to outsource their trust owned life insurance operations. Increasing regulatory pressures and a shift in focus to more profitable lines of trust business have contributed to the demand. Kurt Gearhart, CEO of ITM TwentyFirst, noted that “For years, Walt has been helping financial institutions implement solutions for different aspects of their trust operations. We are excited to have Walt join ITM TwentyFirst and work with our clients and financial institutions seeking help with their life insurance trusts.”
Prior to joining ITM TwentyFirst, Walt spent over a decade as a business development professional offering investment and outsource servicing solutions to banks and trust companies.
Earlier in his career, Walt started as an intern at a private trust company and ultimately ended up managing the Trust Operations unit.
Walt is originally from Parksley, VA, and is a proud alumnus of Elon University in North Carolina. He and his wife, Natalie, live in Drexel Hill, PA with their two basset hound dogs. Walt’s interests include sailing, golf and listening to live music.
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