Frank Beardsley has been named president of Transamerica Asset Management, a unit of San Francisco-based Transamerica Life Cos.
Mr. Beardsley, 35, is to oversee stable value investment, financial products, and structured settlements for the Los Angeles subsidiary.
Since 1994 Mr. Beardsley has been vice president of risk management. Before that he worked in the capital markets group of National Westminster Bank. He had also been an options trader in Chicago and New York for Prime International.
Transamerica Life, with assets of $51.2 billion, markets life insurance, annuities, mutual funds, and other financial products.