Howard Kite promoted to chief operating officer of the unit
RICHMOND, Va., Dec 6, 2004 /PRNewswire via COMTEX/ -- Genworth Financial today announced
Enrique Vasquez has been named president of its Personal Advisor Network
(PAN), which includes its growing broker-dealer, Terra Securities Corporation,
and 2,200 independent tax and financial planning professionals nationwide.
Vasquez brings 17 years of broad-based financial services experience to
his new role, including asset management, controllership, and financial
planning and analysis. As part of Genworth's business development team,
Vasquez played an instrumental role in the recent acquisition of Hochman &
Baker, Inc., which he helped integrate into PAN over several months while
gaining a deeper understanding of the unit he now leads. Vasquez, who holds an
MBA in International Business from Fordham, replaces Rob Methven, who was
named president of Genworth's Retirement Services Group in September of this
In his new role, Vasquez will report directly to Pam Schutz, president and
chief executive officer of Genworth's Retirement Income & Investment business.
Concurrently, Howard Kite has been promoted to chief operating officer for
PAN. In his expanded role, he will leverage his 14 plus years of experience
leading various aspects of Genworth's broker-dealer organization.
"With a stronger leadership structure and enhanced resources in place, we
envision our Personal Advisor Network accelerating its growth," said Schutz.
"With Enrique, Howard, and Dave Reedy - who will continue to play an important
leadership role - we have the talent and expertise we need to drive PAN's
focus on retirement income, education and producer service in a space we
remain excited about developing further."
Genworth Financial's Retirement Income & Investments (RI&I) segment, based
in Richmond, Virginia, helps families provide for their futures and achieve a
reliable stream of retirement income. RI&I offers fixed, variable and income
annuities; variable life insurance; asset management; and specialized products
like guaranteed investment contracts, funding agreements and structured
settlements. RI&I's product suite supports distributors' financial planning
models and its strong distribution network reaches nationwide.
Genworth Financial (NYSE: GNW) is a leading insurance holding company,
serving the lifestyle protection, retirement income, investment and mortgage
needs of more than 15 million customers, with operations in 20 countries,
including the U.S., Canada, Australia, the U.K. and more than a dozen other
European countries. For more information, visit http://www.genworth.com.
SOURCE Genworth Financial
Mike Kachel of Genworth Financial, +1-804-662-2534,