Securian Announces Promotions and Hires, Including Asset Management Subsidiary CEO
Securian Financial Group Inc. has made several leadership promotions and a new hire as the company increases its strategic focus on priority markets, the St. Paul, Minnesota-based insurance, benefit and retirement solutions provider announced in a press release.
Securian made the announcement months after announcing it would sell its recordkeeping business with $17 billion of assets under administration to The Standard Insurance Company in October 2022. The terms of the deal have not been disclosed.
Among the moves was the promotion of Sid Gandhi to executive vice president of employee benefits solutions, and Gandhi will report to Chris Hilger, the company’s chairman, president and CEO. Gandhi succeeds Bruce Shay, who recently retired after 37 years with the company. Gandhi assumes responsibility for Securian Financial’s largest business, which includes group life insurance and voluntary solutions offered through employers.
Lydia Jilek has joined Securian Financial as second vice president and voluntary benefits practice leader, reporting to Gandhi, according to the release. Serving in a new leadership position for the company, Jilek directs Securian Financial’s efforts to meet market demand for voluntary solutions.
Jennifer Lastine has been promoted to vice president of technology infrastructure and enterprise solutions, reporting to Pete Berlute, Securian’s senior vice president of enterprise technology. She led components of Securian Financial’s technology transformation, including application modernization and cloud conversion.
Sara Kaufman was promoted to second vice president and chief actuary, reporting to Bob Ehren, a senior vice president. Kaufman now leads the company’s actuarial function, including modeling and valuation, and also is a key strategic consultant to the company’s businesses.
Suzette Huovinen is the new president and CEO of Securian Asset Management, a Securian Financial subsidiary. She succeeds Sean O’Connell, who will serve as CIO until his retirement in July 2023. Most recently, Huovinen was Securian Financial’s senior vice president of finance, leading the company’s financial planning and analysis, tax, procurement and other finance functions. Huovinen joined Securian Financial in 1997 and was promoted to senior vice president in 2019 when named CEO of Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company, Securian Financial’s Canadian insurance company subsidiaries.
Alerus Adds Jennifer Louie as Senior Business Adviser, Retirement Specialist
Alerus Financial Corporation announced that Jennifer Louie has joined the company as a senior business adviser and retirement specialist, the Minneapolis-based firm announced in a press release.
Louie will provide financial advice to business clients, specializing in retirement solutions such as defined contribution, defined benefit and non-qualified plans. She will work with plan sponsors to assist in plan design and provide them with solutions for the administration of retirement benefits.
Before joining Alerus, Louie served as a senior relationship manager at Principal Financial Group, as well as in various roles at Wells Fargo, for 20 years, including eight years as a participant education consultant and eight years as a relationship manager.
Alerus retirement and benefits plan administration hubs are located in Minnesota, Michigan and Colorado, according to the release. The firm also provides banking, wealth management and mortgage services.
MassMutual CIO Corbett to Retire, Partlan to Succeed Him
Massachusetts Mutual Life Insurance Company announced that Tim Corbett, CIO, will retire after leading the company’s investment strategy and overseeing its General Investment Account for the past 12 years, the Springfield, Massachusetts-based company announced in a press release. Eric Partlan, currently head of portfolio management, will succeed Corbett, effective March 1.
Corbett joined MassMutual in 2011 and built a leading investment management model and team, the announcement said. During his tenure, the company doubled its GIA to more than $220 billion and drove new investment opportunities, the company said. In partnership with MassMutual’s global institutional asset manager, Barings LLC, the company’s portfolio grew to include a wide range of diversified investments, including private equity and renewable energy. Corbett also oversaw the addition of Rothesay Life PLC, the UK’s largest specialist pensions insurer, to MassMutual’s portfolio of strategic businesses and investments.
Following Corbett’s departure, Partlan will join MassMutual’s executive leadership team and report to Roger Crandall, MassMutual’s chairman, president and CEO.
Partlan, a 19-year veteran of MassMutual, most recently served as head of portfolio management, leading a team that is responsible for the company’s global asset allocation, asset liability management, overall portfolio hedging and quantitative research and development.
Franklin Equity Promotes Leaders in Portfolio Management and Research
Franklin Equity Group, part of Franklin Templeton, has promoted Jonathan Curtis to director of portfolio management, effective February 1, according to a company email.
Curtis, currently a senior vice president, will be responsible for the U.S.-focused and sector fund portfolio management teams and for further enhancing the sharing of investment ideas, analysis and insights across the portfolio teams and with business partners and clients. He will continue to report to Mike McCarthy, FEG’s CIO, and maintain his portfolio management responsibilities for the Franklin Technology strategy, the email said.
In addition, FEG announced that Joyce Lin, has been promoted to deputy director of research and began on January 1. In the role, Lin, formerly a vice president, oversees the recruiting, management and training of research associates and interns. She also maintain her current research analyst responsibilities, covering companies in the industrials and life sciences industries, as well as her portfolio management responsibilities on the U.S.-registered Franklin Growth Fund and related accounts. She will continue to report to Evan McCulloch, FEG’s director of research.
FEG has $120 billion in assets under management, as of November 30, 2022, and 60 investment professionals, according to the firm.
ASA Names Jessica Giroux General Counsel, Head of Fixed Income
The American Securities Association announced on its website the hiring of Jessica Giroux as general counsel and head of fixed income policy, overseeing ASA’s legal, regulatory and fixed income affairs.
“Jessica’s industry knowledge, legal background and experience in both the public and private sector are second to none,” ASA CEO Chris Iacovella said in the post. “She is a complete professional, and we are incredibly pleased to welcome Jessica to the ASA. Jessica’s policy and regulatory expertise will be invaluable to our advocacy on the Hill and at financial services regulatory agencies.”
Before joining Washington, D.C.-based ASA, Giroux was director of government and public affairs at the Municipal Securities Rulemaking Board (MSRB), where she was responsible for developing and implementing the organization’s external relations. Prior to her time at MSRB, Giroux served as director of governmental affairs at the National Association of Bond Lawyers.
In addition to her industry experience, Giroux also served as chief of staff and counsel to former New York State Senator James Alesi, leading the office’s legislative initiatives. Prior to her time leading Alesi’s staff, she spent four years in the Washington, D.C., offices of former New York City Mayor Michael Bloomberg, working on issues related to transportation, energy, environment, census and immigration.
Voya Expands Wealth Solutions Team with VP Hire
Voya Financial Advisors Inc. has expanded the firm’s wealth solutions sales team by hiring Rod Toppin as regional vice president for the Northeast, the New York-based company announced in an email.
Toppin will be responsible for covering emerging markets in the Northeast and will also oversee new corporate and tax-exempt retirement business sales and building key distribution relationships within the Connecticut region. He will interact with wire houses, banks, independent firms and third-party administrators to help serve employers with retirement plan needs up to $50 million in assets, according to the company.
Toppin began in the position January 9 and reports to Chris Ekstrom, regional sales manager for the Northeast region.
“Rod brings a great track record of success, including many long-standing advisor and TPA [third-party administrator] relationships, into his new role here at Voya,” Bill Elmslie, a senior vice president and emerging market sales leader, said in the email.
Austin, Texas-based DFA Promotes New CEO for Australia
Private investment firm Dimensional Fund Advisors has appointed Bhanu Singh CEO for DFA Australia Limited, reporting to Jed Fogdall, the company’s global head of portfolio management, the company announced to clients in an email in December 2022, a spokesperson confirmed.
In addition to the new role, Singh will maintain his existing responsibilities as head of Asia Pacific portfolio management, according to the spokesperson. In Singh’s new role, “as well as his portfolio management role, he works closely with the investment team to help design and implement custom solutions,” according to the DFA message sent to clients.
Singh replaced Glenn Crane on January 1 after Crane stepped down from the role, although he continues to serve as executive chairman.
Singh has worked at Austin, Texas-based DFA since 2022, when he joined as an equities trader.
Transamerica Names Director of Institutional Sales
Transamerica has hired Scott M. Adams director of institutional sales, according to a spokesperson for the Cedar Rapids, Iowa-based life insurance company.
In the role, he is responsible for delivering retirement plans and products to retirement specialist firms, businesses and organizations, in the large to mega plan market segment throughout the Western U.S, according to LinkedIn. Adams will report to Ryan Franken, national sales manager, institutional markets, according to the spokesperson.
Adams was previously vice president of business development at Corebridge Financial, where he was responsible for institutional retirement plan sales for west, southwest and great plains regions, according to LinkedIn.