Suzette Huovinen was named president and CEO of Securian Asset Management, effective Jan. 1, succeeding Sean M. O'Connell, who will retire in July.
Ms. Huovinen is currently the senior vice president of finance at Securian Financial, the parent company of Securian Asset Management.
Mr. O'Connell will serve as chief investment officer of Securian Financial until his retirement in July, according to a news release Wednesday.
Concerning Ms. Huovinen's replacement at Securian Financial, a spokesman said in an email "there is no one person moving into Huovinen's former role — her responsibilities are being spread among other associates."
In addition, Johnathan Heshelman joined Securian Asset Management on Nov. 28 as the new head of its private credit team.
The spokesman said Mr. Heshelman replaced Chris Gudmastad. "Sean O'Connell has led the private credit team in the interim," he added.
Mr. Gudmastad, who left Securian in January, was hired by Loomis, Sayles & Co., an affiliate of Natixis Investment Managers, as its head of private credit, said a news release at the time.
Mr. Heshelman was a senior portfolio manager, managing a high-yield and leveraged loan portfolio at the $117.2 billion State of Wisconsin Investment Board, Madison. SWIB could not be immediately reached for further details.
Securian Asset Management had more than $40 billion in assets under management as of Nov. 30.
