Michael Kiley, a former president and CEO of Van Kampen, will take the reins of Security Benefit Corporation next month. Kiley is currently a senior managing director at Guggenheim Partners, which owns Security Benefit. He will become CEO of Security Benefit effective September 30, succeeding interim chief Howard Fricke.

The news was picked up by The Topeka Capital-Journal and AdvisorOne.

Kiley joined Guggenheim in a consulting role to advise management on its purchase of Security Benefit, a transaction that became complete on August 2, 2010. He joined Guggenheim as senior managing director in April of last year.

Previously, Kiley was president and CEO of Van Kampen Investments, which was became part of Invesco last year when the latter bought Morgan Stanley's retail asset management business. During his time at Morgan Stanley, Kiley also served as president and CEO of Morgan Stanley Funds Distributors, head of the U.S. Intermediary Group and a principal in the institutional asset management group.

Earlier, he was president of Travelers Portfolio Group. 

Edited by: Armie Margaret Lee


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