ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial today announced that Kent Peterson has been promoted to senior vice president for Institutional Retirement Solutions.
In this role, Peterson leads a business that, through products issued by Minnesota Life Insurance Company and Securian Life Insurance Company, delivers guaranteed income solutions for defined contribution retirement plans, stable value investments, guaranteed investment contracts and pension risk transfer solutions.
Peterson reports to Chris Hilger, Securian Financial’s chairman, president and CEO, and he joins the company’s executive leadership team.
“Kent’s deep expertise in retirement solutions, risk management and investment strategy, along with his long-standing commitment to our customers and our company, make him the right leader for this role,” said Hilger. “He has played a critical role in shaping our retirement strategy, and his leadership will help ensure we continue delivering innovative, trusted solutions that support financial security for plan sponsors and participants.”
Peterson joined Securian Financial in 1990 as an actuary and has built a career focused on retirement plan product development, risk management and investment-related fiduciary issues. He was promoted to second vice president in 2018 and to vice president in 2022.
He holds a bachelor’s degree in statistics from Montana State University in Bozeman, Montana. Peterson is a Fellow of the Society of Actuaries (FSA), a Chartered Financial Analyst (CFA), a member of the American Academy of Actuaries and an Accredited Investment Fiduciary.
Peterson serves on the board of the Minnesota Zoo Foundation and is a member of its finance committee. He also serves as executive sponsor for Securian Financial’s Mental Wellness and Disability associate resource group.
Suzette Huovinen, who led Securian’s Institutional Retirement Solutions business prior to Peterson, has been promoted to executive vice president for Enterprise Capital and Risk Management, reporting to Hilger. Huovinen is also president of Securian Asset Management.
