The Hartford Financial Services Group, based in Hartford, CT, is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers among four recently established business units, according to Investment News.

The move is part of a reorganization pledged by chief executive Liam McGee, who joined the firm last fall. As a result of the changes, which were announced in an internal memo, Kevin Connor's position as executive vice president of Hartford Life Distributors has been eliminated, the publication said, quoting a spokesperson.

Family Wealth Report was unable to seek details elaborating on the article at the time of going to press.

Under the new structure, Hartford's wholesalers will be split among four business units: mutual funds, individual life, retirement plans and annuities. They will report to the heads of those units, the publication said.

The Hartford's director of wealth management, David Levenson, announced the heads of the different business units in August. Jim Davey, head of the company's retirement division, will run the firm's mutual fund business. Sharon Ritchey, director of operations, technology and eBusiness for the firm's wealth management division, will head up the retirement plans group, it said. Rob Arena, director of annuities, mutual funds and Section 529 plans, will head up the global annuity business. Brian Murphy, executive vice president of individual life, will lead the individual-life business.