A managing partner at Guggenheim Partners L.L.C. is becoming the chief executive officer (CEO) of Security Benefit Corp.
Michael Kiley will take over from the interim CEO, Howard Fricke, Sept. 30, according to Security Benefit, Topeka, Kan.
Guggenheim Partners, Chicago, the privately held parent of Guggenheim Life, acquired Security Benefit, the parent of Security Benefit Life Insurance Company, in 2010. Security Benefit sells fixed annuities, variable annuities and retirement plan services.
Fricke was Security Benefit’s CEO from 1988 and its chairman from 1996 to 2006.