2 June 2009, Istanbul - Genworth Financial, a leading global financial security company, has appointed Nevra Yener as General Manager of its Lifestyle Protection business in Turkey.
The business provides specialist protection products enabling consumers to maintain repayments on financial commitments such as mortgages and loans in the event of involuntary unemployment, accidents, sickness or death. Genworth’s products in Turkey are distributed to consumers through banks and insurance companies.
Yener joins Genworth from Aksigorta where she led a number of transformation projects, focused on growth, profitability and increasing customer / agency satisfaction. Previously, Yener led operations for A.T.Kearney in Turkey and held management roles with the financial services division of NCR Bilişim Sistemleri A.Ş.
“Nevra is a great addition to our local team in Istanbul”, said David F Nolan, Vice President for Corporate Development in Genworth’s Lifestyle Protection business. “Through her leadership and detailed knowledge of bancassurance in this market, Genworth is now positioned well for continued growth with leading financial institutions in Turkey. Our products provide an important short term safety net for their consumers”.
A graduate of Middle East Technical University Department of Business Administration, Nevra Yener studied for her MBA degree at Columbus State University in the United States.
Genworth’s Lifestyle Protection entities were recently rated “A-“, with a stable outlook by Standard and Poor’s – the first independent rating sought by Genworth for the business.
Genworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 global financial security company. Genworth hasmore than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enrol to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrolment information is found under the "Investors" section of Genworth.com.
Lifestyle Protection Insurance is a family of products that help borrowers and consumers maintain their lifestyle by allowing them to make regular repayments on loans, mortgages and other financial commitments in the event of unemployment, disability or an accident, and clear outstanding balances in the event of death. Genworth’s Lifestyle Protection products are offered through distribution relationships with financial institutions, brokers and advisers in the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
Contacts:
Media
Guy Genney, +44 208 380 3786; guy.genney@genworth.com
