SOURCE: Security Benefit

Security Benefit

September 01, 2010 13:00 ET

Experienced Security Benefit Leader Doug Wolff to Assume Role of President of Retail Retirement Business

TOPEKA, KS--(Marketwire - September 1, 2010) -  Security Benefit President and Chief Executive Officer Howard Fricke announced today that Doug Wolff has been promoted to President of the company's Retail Retirement business. A nine-year veteran of Security Benefit, Wolff's new role will be the latest in a number of leadership positions he has had with the company.

"As our financial outlook and ratings stability continue to improve, we are well positioned in the retirement marketplace, and see great potential for growth," said Fricke. "I'm excited to have an experienced professional in Doug to lead Retail Retirement during this important time. Throughout his tenure at Security Benefit, he has consistently demonstrated the ability to lead teams, build relationships and develop innovative products. Doug has played a key role in shaping the outstanding products and services that Security Benefit offers, and I'm confident will continue to lead us forward."

The Retail Retirement business of Security Benefit includes Security Financial Resources, a leading provider of retirement plan services throughout the nation primarily in the education marketplace, and Security Benefit Life, providing fixed and variable annuities.

Wolff joined Security Benefit in 2001 as Vice President, Product and Market Development, with the responsibility of developing and marketing new annuities, mutual funds and other retirement savings vehicles. He also led the team that conducted the due diligence process in choosing all outside fund managers for annuity and fund products.

In 2003, Wolff became Vice President, Business Development. In that role, he helped establish a relationship with an outside fund family, eventually leading to the purchase of Rydex Investments by Security Benefit. He also led the development of innovative products before ultimately leading the Advisor Line of Business, the largest line within Security Benefit.

Prior to coming to Security Benefit, Wolff held important leadership positions with the Allstate Life Insurance Company, where he served as relationship manager for outside mutual fund companies. He also worked for Ernst & Young as Senior Consulting Actuary and Consulting Actuary.

"I feel extremely privileged to lead our retirement business and our tremendous team during such an exciting time for the company. The future certainly is looking bright for Retail Retirement and for Security Benefit overall," said Wolff, who also serves on Security Benefit's senior management team. "We are well-positioned to seize opportunities and to continue creating value for our clients."

Wolff has a Bachelor's of Science from the University of Illinois at Urbana-Champaign, where he graduated with honors. He is a trustee of the Kansas Public Employees Retirement System, which is appointed by the Governor. He is also a Chartered Financial Analyst and Fellow in the Society of Actuaries.

About Security Benefit
Security Benefit fosters strong partnerships to provide insightful and customized retirement solutions for employers and individual investors nationwide. Through a broad advisor network and its nationally recognized money managers, Security Benefit provides mutual funds, annuities, exchange traded funds, broad retirement plans and programs. As an industry leader in service technology, Security Benefit affiliates also offer business processing and broker/dealer solutions tailored to the financial services marketplace. For more information about us, visit www.securitybenefit.com.

Contact Information

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    Michel' Philipp Cole
    (785) 438-3396
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