This week in new hires, Michael Kiley was named to become CEO of Security Benefit Corp.; Scott Samlin went to SNR Denton; Edelman Financial Services recruited Joe Bottazzi from outside the industry and Reliance Trust named Robert F. Cook to head its church and nonprofit division.
Also, MassMutual Retirement welcomed Garrett Carlough and Andrew Hanlon, and Donald Fuerst was named senior pension fellow by the American Academy of Actuaries.
Michael Kiley Named Security Benefit CEO
Security Benefit Corp., a Guggenheim Partners Company, announced Wednesday that Michael Kiley will become CEO effective Sept. 30. He succeeds Howard Fricke, who has been serving as interim president and CEO since February 2010 and previously served as president and CEO from 1988 to 2000 and chairman from 1996 to 2006.
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Kiley, who will retain his current board of directors slot at Security Benefit, originally joined Guggenheim in a consulting capacity to advise management on Security Benefit’s acquisition, completed on August 2, 2010. He currently serves as a senior managing director for Guggenheim Partners.
Prior to joining Guggenheim Partners, Kiley served as president and CEO of Van Kampen Investments, a division of Morgan Stanley. During his tenure at Morgan Stanley he also served as president and CEO of Morgan Stanley Funds Distributors, head of the U.S. Intermediary Group and as a principal in the institutional asset management group. Prior to that he was president of the Travelers Portfolio Group, a division of Citigroup. He also held executive positions at AXA and Guardian Life.
Scott Samlin Joins SNR Denton
SNR Denton announced Monday that Scott D. Samlin has joined the firm as a partner in the capital markets practice. He will be based in New York.
Samlin joins from Morgan Stanley, where he was executive director of its residential mortgage and lending compliance business and helped oversee the operations of Morgan’s whole loan trading desk and its affiliated mortgage loan servicer, Saxon. Prior to this, he was executive vice president, general counsel and chief compliance officer for EMC, Bear Stearns’ primary mortgage loan servicer.
Earlier in his career, Samlin held several senior in-house positions at large corporations, including vice president and assistant general counsel at Superior Bank FSB, vice president, senior staff attorney and compliance officer at Carteret Federal Savings Bank and assistant counsel at the New York State Banking Department.
Edelman Recruits Bottazzi as New EVP of Business Development
Edelman Financial Services LLC announced Tuesday that it has named Joe Bottazzi as executive vice president, business development. He will be responsible for directing the company’s planned new business lines, all designed to enhance the firm’s ability to serve its current clients and expand nationwide.
Chairman and CEO Ric Edelman noted that it is highly unusual for a financial services firm to recruit a senior executive from outside the industry, and said in a statement, “Financial firms tend to recruit managers from each other, almost incestuously. As a result, everyone gets the same old, myopic results, with too little new thinking.” Bottazzi’s views are expected to offer fresh insights.