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Genworth Names President and CEO for Institutional Retirement Group Fred Conley Joins Retirement Income and Investments Leadership

RICHMOND, Va., Aug. 31 /PRNewswire-FirstCall/ -- Genworth Financial (NYSE: GNW) announced today that Fred Conley has joined the firm in a new position as president and chief executive officer of its recently formed Institutional Retirement Group. Conley reports to Pam Schutz, president and chief executive officer of Retirement Income and Investments.

Conley joins Genworth with 20 years of financial services and benefits consulting experience. Most recently, Conley served as executive vice president of institutional sales at CitiStreet, the second largest 401(k) service provider in the industry. Previously he served as a regional vice president with American Express Retirement Services. Conley was also a business development consultant with Hewitt Associates. He began his career with UNUM (predecessor to UnumProvident) where he gained experience in account management and sales.

A Saco, Maine native, Conley received a bachelor's degree from Columbia College in New York City in 1985.

Genworth Financial's Retirement Income and Investment segment, based in Richmond, Virginia, is dedicated to helping individuals and families achieve financial independence. Our companies offer fixed, variable and income annuities; variable life insurance; asset management; and specialized products like guaranteed investment contracts, funding agreements and structured settlements. Our product suite supports distributors' financial planning models and its strong distribution network reaches nationwide.

About Genworth Financial

Genworth (NYSE: GNW) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers. The company has operations in 22 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information about Genworth Financial, visit http://www.genworth.com.

CONTACT: Anna Gauthier of Genworth, +1-804-289-3740, anna.gauthier@genworth.com

SOURCE Genworth Financial