FRANKFORT, KY (February 22, 2019):  Kentucky Retirement Systems (KRS) announced two key appointments at the Board of Trustees meeting on February 21, 2019. Effective April 1, 2019, Rich Robben will assume the role of Executive Director, Office of Investments and Andy Kiehl was will serve as Deputy Executive Director.

Mr. Robben currently holds the position of Interim Executive Director, Office of Investments. He has been, and will continue to be, responsible for overseeing the fixed income, equity, and alternative asset divisions, and serves as the primary adviser to the KRS Investment Committee. Mr. Robben also assists in developing policies and procedures to safeguard the Systems' assets.

Mr. Robben began his investment career with Invesco Ltd. as the Director of Information Technology, and became the Senior Portfolio Manager in September 2002. He served in this role until 2007 when he joined Deutsche Bank as a Fixed Income Portfolio Manager and later became an Investment Officer with Stock Yards Bank & Trust in Louisville. He joined KRS in January 2015 as the Deputy Chief Investment Officer and Director of Fixed Income, and was promoted to Interim Executive Director, Office of Investments, in 2017.

Mr. Robben received his Bachelor of Arts degree in Business Administration and Management from Bellarmine University in Louisville. He is also a Chartered Financial Analyst Institute charter holder.

Mr. Kiehl joined KRS in 2015 and is currently Director of Investments for the Real Estate and Real Return asset classes. 

After beginning his career as a Financial Advisor, Mr. Kiehl advanced to regional manager of National City Investments and ultimately became Senior Market Executive. Over the last 18 years, Mr. Kiehl has held senior roles in the institutional investment industry including positions at INVESCO Institutional, Stable Value/Fixed Income and Co-Portfolio Manager and Credit Specialist at Deutsche Asset Management.

Mr. Kiehl holds a Bachelor of Science degree in Finance, Honors from the University of Dayton, and is an Accredited Investment Fiduciary.

 “I am pleased that the KRS Board Chair and the Chair of the Investment Committee chose to make these appointments. Mr. Robben and Mr. Kiehl, along with their team and the Investment Committee, have made major enhancements in the structure of our $18 billion in assets and in the processes by which we manage those investments.” said David Eager, Executive Director of KRS.                                                           

#                             #                             #

Kentucky Retirement Systems is responsible for the investment of funds and administration of pension and health insurance benefits for over 379,000 active and retired state and local government employees, state police officers, and nonteaching staff of local school boards and regional universities.

Visit our website at