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Genworth Financial Asset Management Names Tim Knepp as New Chief Investment Officer

RICHMOND, Va., Jan 08, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial Asset Management, a division of Genworth Financial, Inc. (NYSE: GNW) announced today that Tim Knepp has rejoined the division as chief investment officer. Knepp succeeds Rob Brown, who has left the company in pursuit of a new opportunity in the non-profit public service sector.

Knepp returns to Genworth Financial Asset Management after working as an independent investment consultant. During his previous tenure with the company, he was a senior member of the investment team with responsibilities in the areas of external manager research and general investment policy decision-making. He has more than 20 years of experience in equity analysis, manager due diligence, asset allocation and portfolio construction. Knepp earned his CFA designation in 1986.

"Tim brings a tremendous track record of investment experience, industry knowledge and innovation to our business," stated Gurinder Ahluwalia, President of Genworth Financial Asset Management. "He also brings a deep understanding of our investment philosophy and process. His familiarity with our highly-experienced investment team is another significant asset. Tim's return will enable us to continue to provide our clients an unparalleled level of investment expertise."

Knepp assumes responsibility for a senior investment management team of 8 professionals. Genworth Financial Asset Management's well-developed team structure leverages each member's specific expertise in asset allocation, manager selection, risk implementation and trading. With nearly 140 years of investment experience, the team guides an investment process that is sound, repeatable and reliable.

About Genworth Financial

Genworth Financial (NYSE: GNW) is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers. It has a presence in more than 25 countries. For more information, visit genworth.com.

SOURCE Genworth Financial, Inc.

http://www.genworth.com