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-Genworth Financial adds 2 execs to U.S. mortgage insurance unit.

BANKING AND CREDIT NEWS-August 8, 2012--Genworth Financial adds 2 execs to U.S. mortgage insurance unit(C)2012 M2 COMMUNICATIONS http://www.m2.com

8 August 2012 - Genworth Financial, Inc. (NYSE: GNW) said it has made personnel changes to further strengthen the senior leadership team of its U.S. mortgage insurance unit. John Clifford has been promoted to senior vice president, commercial operations, and Matt Young has rejoined USMI as senior vice president, sales.

Clifford will be responsible for products, account development, marketing, commercial analytics, sales support and training, as well as capital markets and business strategy. He joined GE Capital (NYSE: GE) in 1999 as a member of the Financial Management Program.

He began his career in USMI's Commercial organization as an account development manager before moving into segment marketing and product development. He served as acting chief risk officer in 2011 and most recently was vice president, products & business development.

Young most recently was vice president, sales for Wells Fargo Home Mortgage, where he led a number of regional sales teams in his six years as a sales leader. Prior to joining Wells Fargo in 2006, Young was a regional vice president of sales at GE Mortgage Insurance (now Genworth's U.S. mortgage insurance unit) in Raleigh.

He initially joined GE in 1990 and held several leadership roles throughout the organization. He graduated from Michigan State University with a BS in Logistics Management and earned his MBA from Miami University.

Genworth Financial is an insurance holding company offering life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management -- and mortgage insurance. Genworth became a public company in 2004 and is headquartered in Richmond, Virginia.

1 USD = 0.638906 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 8, 2012
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