Christopher R. Sebald was named president of Advantus Capital Management, confirmed spokeswoman Maggie Jensen at Advantus' parent, Securian Financial Group.
Mr. Sebald succeeds Robert Senkler, Securian chairman and CEO, who will keep those titles.
Mr. Sebald was executive vice president and chief investment officer at Advantus. He will continue as CIO and oversee investment policy, product development and portfolio management for several fixed-income portfolios.
No arrangements have been made to replace him as executive vice president, Ms. Jensen said.