Genworth Financial Inc (NYSE:GNW), an insurance holding company, announced the appointment of Melina Higgins as independent director to its board.
Higgins is a retired executive at Goldman Sachs Group Inc (NYSE:GS). During his tenure at the bank, he served various positions, such as managing director, partner, head of the Americas and co-chairperson of the Investment Advisory Committee for the GS Mezzanine Partners funds. She also served as a member of Goldman Sachs’ Investment Committee for the Principal Investment Area, the world’s largest alternative asset managers.
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
In a statement, James Riepe, non-executive chairman of the board of Genworth Financial Inc (NYSE:GNW) said, “Melina’s investment experience and background in financial services bring a valuable perspective to the board as it continues to work with management to rebuild shareholder value.”
The size of the board of Genworth increased
The size of the board of Genworth Financial Inc (NYSE:GNW) increased from nine to ten directors after the appointment of Higgins.
Earlier this month, the insurance holding company named Paul Gomez and George Reichert as chief operations officer (COO) and chief information officer (CIO) of its U.S. Mortgage Insurance (USMI) unit, respectively.
Gomez previously served as vice president of the U.S. Life Insurance team of Genworth Financial Inc (NYSE:GNW). In his new role, he will concentrate on maximizing the operational effectiveness of USMI.
On the other hand, Reichert was the former CIO of Nortel Networks Corporation (OTCMKTS:NRTLQ). During his tenure with Nortel, he used his expertise in developing and leading the restructuring efforts of the company.
Rohit Gupta, president and chief executive officer of Genworth USMI said Gomez has extensive experience in analytics and running a large customer service team. He described Reichert as a results-driven executive capable of creating and executing IT strategy, who has the ability to empower and motivate people.
USMI is the exclusive partner of Campus MBA
USMI and Mortgage Bankers Association (MBA) recently announced the availability of the redesigned training curriculum for CampusMBA’s Certified Residential Underwriter (CRU) specialist designation on September 17. USMI is the exclusive partner of Campus MBA in creating and updating the CRU curriculum since 2006.
“We’re pleased to offer our innovative, award-winning training expertise to support efforts to improve the skills of industry professionals and help lenders respond to evolving mortgage market needs,” said Joanne Rehm, director of training of USMI.