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Genworth Financial Names Enrique Vasquez to Head its Personal Advisor Network
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 year.

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,
mike.kachel@genworth.com

http://www.genworth.com