Advantus Capital Management appointed Randal Harrison as vice president and director of the insurance advisory practice that manages assets for insurance companies. His appointment is effective immediately.
Harrison succeeds Marilyn Froelich, who has led the insurance advisory since 1998. Froelich is retiring, but will remain with the company until the end of the year to ensure a smooth leadership transition.
Harrison previously served as managing director and senior fixed income portfolio manager for RBC Global Asset Management. He also has extensive experience in client service and business development.
Advantus currently manages $15 billion in insurance assets. its insurance advisory assets have grown an average of 15% annually since 2005 and doubled since 2003.
Insurance advisory uses a fundamental, bottom up investment process that identifies each insurance client’s needs and develops a portfolio that meets those unique needs.