Effective Sept. 30,Michael Kiley will become chief executive officer of Security Benefit Corp. He replaces Howard Fricke, who has been serving as interim president and CEO since February 2010 and was previously president and CEO of the firm from 1988 to 2000 and chairman from 1996 to 2006.

A 25-year-veteran of the insurance, mutual fund and retirement savings industries, Kiley is currently a senior managing director for parent company Guggenheim Partners and a member of the board of directors at Security Benefit. Kiley originally joined Guggenheim as a mergers and acquisitions consultant on the Security Benefit deal, completed in August 2010.

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