Securian has hired a senior v.p. and head of strategy and business development to help advance the firm’s growth initiatives and build out investment solutions to meet the needs of institutional investors.
The Wall Street firm’s revenue rose 18% above 2019’s fourth-quarter level as it benefited from a relatively small loan book and heavy exposure to underwriting and trading securities.
By issuing bond-like instruments called certificates of participation, the city will work to fund the growing obligation to the Public Safety Personnel Retirement System, which is currently unfunded by about $1.5 billion.