Hartford Business Journal

www.HartfordBusiness.com October 24, 2016 • Hartford Business Journal 5 PDS has been meeting the needs of the construction industry since 1965. Our dedicated team of design and construction professionals welcomes the challenge of serving its past and future customers on their most demanding projects. Colonial Point Church | South Windsor, CT PDS Engineering & Construction served as Design- Builder for this 8,500 SF worship facility on Chapel Road. The church is used by members of the Colonial Point Church and the general community. Project Features: • Sanctuary • Lighted tower • Classrooms • Recreational spaces • Meeting spaces Total Project Cost: $1.6 Million 107 Old Windsor Road, Bloomfield, CT 06002 (860) 242-8586 | Fax (860) 242-8587 www.pdsec.com DESIGN BUILDERS • GENERAL CONTRACTORS • CONSTRUCTION MANAGERS SPOTLIGHT ON: RELIGIOUS PDS ENGINEERING & CONSTRUCTION, INC. THINK • PLAN • BUILD CT's securities chief comes full circle with Hartford base By Gregory Seay gseay@HartfordBusiness.com I n 1991, Lynn McKenna-Krumins, at the time fresh from UConn with her busi- ness degree in hand, got a job in down- town Hartford, working at Advest Inc., then one of Connecticut's best-known independent regional brokerage houses. There, McKenna-Krumins says she learned the ropes to qualify as a licensed financial adviser and broker, while also gaining an affinity for helping people man- age money to realize their goals for paying for the kids' college or for retirement. Twenty-five years later, with several financial-services stops in between, including former Cigna Retirement Ser- vices and her last stop at Prudential Financial Services in Shelton, McKenna- Krumins is back in downtown Hartford. This time, however, the state has armed her with a big stick as chief over- seer of the securities and business invest- ment division of the state Department of Banking housed at 250 Constitution Plaza. Her annual salary is $124,822. It's a role, McKenna-Krumins says she has prepared for through training and work assignments throughout her career. But most of all, her new job elevates her visibil- ity and passion for helping people, she says. "There are a lot of things going on in the industry right now,'' said McKenna- Krumins, who began her job in late Sep- tember. "There are a lot of things happen- ing on the compliance side that are good.'' "Being in a job, for me, isn't about hav- ing a job,'' she said. "It's about helping people. My job is to help them make sure they're getting what's been promised.'' In particular, McKenna-Krumins' eyes are on new federal rules requiring invest- ment advisers to behave as fiduciaries, giving financial advice and direction that serves customers' best interests — first and foremost. It replaces the old requirement of "inves- tor suitability,'' meaning investors were guided to investments that may not always have been in their best interests. State Banking Commissioner Jorge Perez said, "We are excited to have Lynn join our team. She brings a high level of expertise and knowledge of the securities industry from the private sector as well as strong leadership experience. Her energy and drive are a perfect fit for the Depart- ment of Banking and I am sure she will excel in her new role as she has done in her former positions." Raised in Glastonbury and a gradu- ate of the local high school, McKenna- Krumins spent five years at Advest, until 1996, before moving over to what was then Cigna Retirement Services, manag- ing its broker-dealer. But she left Cigna after three years, in 1999, to join the Amer- ican Skandia investment arm of Swedish insurer Skandia Life, in Shelton. She became an employee of Prudential Life following its 2003 acquisition of Ameri- can Skandia Inc. At Pru, she says she had many respon- sibilities, including overseeing all aspects of the investment-advisory area, as well as oversight of the client-solutions depart- ment. Oversight of these areas required her to partner daily with the compliance and legal departments at Pru. "Doing that role required me to have knowledge of several different areas,'' she said. "That, plus other roles, prepared me for the state job." Away from work, McKenna-Krumins and her husband, Rick, a self-employed carpenter, share their Manchester home with their pet tabby cat, Orion. They also travel frequently, she says, add- ing that books are another favorite pastime. (Currently, she's reading Stephen King's "The Bazaar of Bad Dreams"). Connecticut's huge per-capita net worth relative to other states has made many of its households unwitting targets for financial scammers. Lately, federal prosecutors have announced several indictments and convictions of the worst fraudsters. "You're going to have 100 good apples in a barrel, but you're going to have the one that's not,'' McKenna-Krumins said. "Our job is to make sure they're held accountable.'' While accountability is important, the state securities chief also is responsible for promoting financial literacy for consumers and businesses — another tool for limiting fraud and improving investor satisfaction. "The more we can help them," she said, "the better off they'll be.'' n H B J P H O T O | G R E G O R Y S E A Y Lynn McKenna-Krumins spent years helping investors grow their nest eggs. As Connecticut's top securities enforcer, she's about shielding investors from wayward financial advisers. Lynn McKenna-Krumins Director, Securities and Business Investment Division, CT Department of Banking Highest education: BA, business administration, UConn, 1991 Executive insights: "I believe the three most important attributes a leader can have are adaptability, authenticity and compassion. You need to be able to adapt your style to different situations and be able to adapt to overall change, which is a constant in this world." EXECUTIVE PROFILE E.A. Quinn is the premier commercial landscaper in Connec cut, providing mely and professional service. We offer year-round, turn-key landscape services that ensure a business's first visual impression is a posi ve one. E.A. Quinn will take care of your facility's exterior so you don't have to. eaquinn.com 860-633-0115 Glastonbury Serving Southern New England Does your landscaper MEASURE up?

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