Press Releases

HORSHAM, Pa. – January 30, 2018 – The Penn Mutual Life Insurance Company (Penn Mutual) is proud to announce Tim Donahue as the new president and CEO of Hornor, Townsend & Kent, Inc. (HTK). HTK is a wholly-owned Broker-Dealer subsidiary of Penn Mutual, offering a complete range of financial solutions, including investments, insurance and annuities. 

Prior to this position, Donahue served as Managing Director at HTK, where he led daily operations for the firm, supervised financial advisers and oversaw relationships with strategic partners. In his new role, Donahue will continue to play an integral part of the day-to-day activities at HTK, as well as work to promote leadership, business development and ultimately continue to provide first class solutions for advisers.

“Tim’s experience at HTK over the past five years, coupled with his dedication to building strong relationships with its partners and advisers, will set him up for success in his new role as president and CEO,” said Tom Harris, executive vice president and chief distribution officer at Penn Mutual. “We’re confident that his talent and commitment to helping advisers better work with their clients will further HTK’s trajectory.”

In addition to his current role, Donahue is a member of the Board of Directors at HTK, is a member of FSI (Financial Services Institute), is a dispute resolution Arbitrator with FINRA and also serves on the LOMA Broker-Dealer Operations Committee.

“I’m excited for the opportunity to lead HTK as we move forward and continue our evolution during a time of rapid change and innovation in the financial services world. As an organization committed to the service of our advisers, we have a significant opportunity for growth,” asserts Donahue.

About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its advisers with retirement and investment services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. We are proud to work together in a values-driven and relationship-based culture. Visit Penn Mutual at www.pennmutual.com.

Contact

Alexandra Spurgeon
Gregory FCA
(610) 228-2107

Ann Callaghan 
Penn Mutual
(610) 228-2140

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