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
SOURCE: Genworth Financial
CONTACT: Tom Topinka, +1-804-662-2444,
for Investors: Alicia Charity, +1-804-662-2248,
both of Genworth Financial
Web site: http://www.genworth.com/