TOPEKA, Kan., Sept. 23, 2013 (GLOBE NEWSWIRE) -- Security Benefit Corporation, an emerging leader in the retirement savings and income market, today announced that John M. Swenson has been appointed Field Vice President for the company's Financial Institution channel with a focus on the Northeastern region.
"We've experienced positive growth in the Financial Institution channel thanks to our leading-edge products and exceptional service. Continuing to grow our presence in the financial institution marketplace remains a priority for Security Benefit," said Lee Bennett, Divisional Vice President at Security Benefit. "John Swenson's extensive experience in the financial services field and strong industry relationships will be a great asset to our team as we continue to grow our brand in the financial institution arena."
A veteran financial services sales and distribution executive, Swenson gained unique insights into the bank annuity market by starting his career as a licensed banker before transitioning to a wholesaling role.
"John's background brings an extensive and diverse skill set to our team," said Bennett. "His ability to intimately understand the stated and unstated needs of both the investment and retail sides will be a tremendous asset for our clients."
Prior to joining Security Benefit, Swenson spent six years as Regional Vice President for Western National (formerly AIG). Swenson also held a number of sales roles with financial services companies including Great-West, U.S. Bancorp and Wells Fargo. Swenson, who is based in Plymouth, Mass., has a bachelor's degree in biology with a concentration in management studies from St. Olaf College.
"Having held various roles throughout my 12 years in the industry, I have a keen understanding of the nuances and inner-workings of investment sales within the financial institution channel," said Swenson. "I'm excited to bring my passion and industry knowledge to Security Benefit's Financial Institution team as we focus on growing our presence in the bank investment market."
Security Benefit offers a comprehensive suite of retirement savings and income products, including accumulation and income annuities. The firm serves individual and institutional investors through a broad network of financial representatives via several distribution channels.
About Security Benefit
Security Benefit is a 121-year-old, Kansas-based insurance company, which in recent years has become one of the fastest growing retirement savings and income companies in the industry. Through a combination of innovative products, exceptional investment management and a unique distribution strategy, we have become a leader in a full range of retirement markets and wealth segments. Security Benefit is indirectly controlled by Guggenheim Partners, LLC. To learn more about Security Benefit, visit www.securitybenefit.com.
In all states except New York, annuities are issued by Security Benefit Life Insurance Company (SBL). SBL is not authorized in and does not transact insurance business in New York.
Source: Security Benefit