RICHMOND, Va., Oct. 12 /PRNewswire-FirstCall/ -- Genworth Financial
(NYSE: GNW) announced today it has named Mark W. Griffin chief investment
officer (CIO). Griffin has served as senior vice president and chief risk
officer of Genworth and its predecessor company since 2000, and has been
acting CIO since June 2005.
Griffin brings more than 23 years experience in the insurance industry to
his new role, including 14 years on Wall Street advising the insurance sector
in the areas of investments, asset and liability management, securitization,
actuarial, and enterprise-wide risk management in both Europe and the U.S. He
has worked with Morgan Stanley, Goldman Sachs and Metropolitan Life.
"As acting CIO, Mark has made strong progress in building our investment
strategy, infrastructure and team," said Michael D. Fraizer, Chairman and CEO
of Genworth Financial. "Mark's deep experience and broad knowledge are
perfectly suited to today's investment climate. In his new role Mark will
focus on driving core growth through the repositioning of our investment
portfolio to ensure that we optimize risk-adjusted returns."
Genworth is conducting a search to fill the position of chief risk officer
vacated by Griffin on his promotion to CIO.
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, and has operations in 24 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
CONTACT: Tom Topinka, +1-804-662-2444, Thomas.firstname.lastname@example.org or
for Investors: Alicia Charity, +1-804-662-2248, Alicia.Charity@genworth.com,
both of Genworth Financial