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She does double duty as VP of investment law and chief compliance officer
“It takes a lot of creativity and that’s the fun part,” Bailey says of her role in Advantus deal-making. “I look for ways to meet in the middle, solve problems and protect Advantus and its clients.”
Bailey was named by Finance & Commerce, a Twin Cities financial daily publication, to its annual list of Top Women in Finance in the Twin Cities. She is the fourth Advantus executive to be named to the list. Bailey and the other 2012 honorees were recognized at a banquet November 1 and their biographies are published in the latest edition of Finance & Commerce.
Bailey can share credit for Advantus’ growth during her tenure with the company. When she arrived in 1985, assets under management were less than $4 billion. Assets have increased to over $25 billion as of September 30, 2012. This growth is due in large part to scrupulous attention to detail in the investments Advantus makes for its clients and the quality and stability of those investments. The legal department is responsible for legal due diligence for every non-public Advantus transaction.
Additionally, Advantus has significant and long-standing expertise with private placements. Bailey and her staff of investment attorneys and paralegals have negotiated several hundred private placement transactions over the years. Current private placement assets under management by Advantus total more than $3 billion.
“When someone in her job does it well, there are no negative headlines and lawsuits,” said Advantus Executive Vice President Dave Kuplic, who is Vicki’s manager. “We have a great compliance record.” Bailey helped Advantus avoid negative outcomes during the Great Recession, a pivotal period in American economic history when many other financial services firms did generate headlines and lawsuits.
“She also has an understanding of balance,” adds Kuplic, which is crucial to Vicki’s role as chief legal officer and negotiator of investment contracts. “She knows where it makes sense to give and where it doesn’t. And she’s able to articulate that to people and help them understand why. That often is at the crux of a deal.” He estimates Bailey has negotiated more than 1,000 deals during her time at Advantus.
Bailey is highly regarded as an investment professional, as indicated by her current role as president of the American College of Investment Counsel (ACIC). She also serves on the board of directors of Junior Achievement of the Upper Midwest.
Bailey grew up in Black River Falls, WI and received her bachelor’s degree from St. Olaf College in Northfield, MN. She received her J.D., magna cum laude, from William Mitchell College of Law in St. Paul, MN and earned an MBA from the University of St. Thomas, also in St. Paul. She holds the Certified Investment Advisor and Compliance Specialist designations.
Advantus Capital Management manages more than $25 billion in assets, including non-security assets. Clients include insurance companies, mutual fund sponsors, pension plans, foundations, and endowments. Clients can benefit from Advantus’ investment expertise and focus on specific client objectives. Advantus specializes in fixed income investments including private placements as well as equity investments in real estate and dividend income securities. Advantus also has expertise in commercial mortgage loan origination and servicing.
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that offer a broad range of financial services.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York admitted insurer. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
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