Securian Asset Management, Inc., a subsidiary of Securian Financial, announced today that Mike Steinert, currently senior vice president and chief compliance officer, will also assume the role of chief operating officer effective August 1, 2021.
He will succeed Gary Kleist, who is retiring after leading Securian Asset Management’s operations for 23 years.
“I congratulate Gary on his retirement and Mike on his expanded role,” said Sean O’Connell, Securian Asset Management’s incoming president and CEO. “Mike is a trusted leader with the firm and well prepared to take on these additional responsibilities.”
In addition to serving as Securian Asset Management’s senior vice president, chief operating officer and chief compliance officer, Steinert will maintain his role as chief compliance officer for Securian Funds Trust—which offers a series of variable insurance funds designed to help variable insurance product owners achieve their investment objectives.
Steinert joined Securian Asset Management as vice president and chief compliance officer in August 2017. In this role, he’s led all compliance functions for the $50 billion institutional investment adviser and $4 billion mutual fund company.
Prior to joining Securian Asset Management, Steinert served nine years as a member of Securian Financial’s legal team. He began his career in the financial services industry in 2001.
A former U.S. Marine Corps military police officer, Steinert earned a J.D. from William Mitchell College of Law and a bachelor’s degree in finance from the University of Minnesota’s Carlson School of Management.
About Securian Asset Management
Securian Asset Management is an institutional asset manager based in St. Paul, Minn., that specializes in public and private fixed income, commercial real estate debt and equity, pension solutions and alternative investments strategies, with more than $50 billion assets under management as of December 31, 2020. Clients include insurance companies, mutual fund sponsors, pension plans, government entities, foundations and endowments. The firm was established in 1984 and traces its history back to 1880 with the founding of its parent company, Securian Financial. As part of a mutual holding company, we focus on the long-term and seek to execute consistently for our clients.