ST. PAUL, Minn.--(BUSINESS WIRE)--Chris Hilger, Securian Financial’s chairman, president and CEO, has been appointed to the Federal Reserve Bank of Minneapolis board of directors. Effective January 1, 2020, Hilger will serve a three-year term as the board’s newest Class C director.
“It is an honor to serve the community through an organization that contributes so much to the financial security of Americans,” said Hilger.
The Federal Reserve Bank of Minneapolis represents the Ninth Federal Reserve District, which includes Montana, North Dakota, South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. It is one of 12 regional Reserve Banks that, with the board of governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Minneapolis Fed participates in setting national monetary policy, supervises numerous banking organizations and provides a variety of payments services to financial institutions and the U.S. government.
The Federal Reserve Bank of Minneapolis board has nine members, selected to represent a cross section of the Ninth District economy: three Class A directors elected by and representing member banks; three Class B directors elected by member banks and representing the public; and three Class C directors appointed by the board of governors to represent the public.
The responsibilities of directors are broad, ranging from overseeing the general operations of the Minneapolis Fed to reporting on district economic conditions. This information helps prepare the Minneapolis Fed president for participation in Federal Open Market Committee meetings, where decisions are made about monetary policy.
At Securian Financial, Hilger is responsible for leading all aspects of the company, including strategy development and its insurance, investment and retirement business lines.
Hilger joined Securian Financial in 2004 with its acquisition of Allied Solutions, one of the largest independent distribution organizations serving the financial institution market. He immediately became a member of Securian Financial’s senior management team, progressively moving into positions of greater responsibility before being named president in 2012.
Hilger’s collaborative leadership style and broad management experience have contributed to the company’s consistently strong sales, revenue and earnings results. He was named CEO in 2015 and chairman of the board in 2017.
Hilger is an active supporter of the local community, serving as co-chair of the Saint Paul Downtown Alliance with Mayor Melvin Carter. He also serves on the Saint Paul & Minnesota Foundation board of directors and on the executive committee for the Minnesota Business Partnership.
About Securian Financial
At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.