Aetna Life & Casualty announced the creation of a new senior vice president position after realigning its investment organization.

Philip R. Roberts will fill the new position of senior vice president-investments and will be responsible for four investment departments in Hartford, Conn. based Aetna’s financial division.

The changes also created a new portfolio management department, which will manage multiple-asset portfolios for customers.

Frederick W. Kingsley, a vice president in the bond investment department, will head the new segment.