Peter Barrett Joins Genworth Financial To Lead New Retirement Income and Wealth Management Business In Europe

• Press Releases

London (May 19, 2008) –

Leading industry figure Peter Barrett has joined Genworth Financial as Senior Vice President, to prepare the ground for growth in Retirement Income and Wealth Management products in the UK and other European markets.

Prior to joining Genworth’s International business segment in London, Barrett was Managing Director of Charcol, having previously held senior management roles with Bradford and Bingley, Goldfish and GE Life.

“The aim is to build upon our leadership position in other products lines across Europe, where we have strong distribution partnerships and a reputation for best in class service,” said Bob Brannock, president of Genworth’s International business in Europe and Canada. “Peter brings considerable local knowledge that will allow us to leverage our Retirement Income and Wealth Management expertise, in markets outside of the United States”.

“The initial priorities have been to build our capabilities and work out where we can add value”, said Barrett. “We understand that each market is different and won’t just be exporting existing products into new markets. Our philosophy is one of creating products that are preferred by advisers and sought by consumers”.

About Genworth Financial

Genworth is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers across 25 countries. For more information, visit www.genworth.com.

Outside the US, Genworth focuses on Payment Protection and Mortgage Insurance, working with banks, brokers, advisers and other financial institutions. Our products help these groups to grow their business by reducing the risk of their loan portfolios and increasing revenues. By combining our international experience with local knowledge and service, Genworth Financial offers clients a unique partnership approach.

Genworth opened its first European office in the United Kingdom in 1972. Today we have more than 700 employees in Europe with operations or business in Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the United Kingdom.

In the United States, Genworth has leading positions in Wealth Management, Retirement Income, Long Term Care. Life Insurance and Institutional business.

Peter Barrett Biography

Peter Barrett is Senior Vice President for Genworth's Retirement and Protection business in Europe. He is responsible for growing the company's operations outside of the United States, focussing primarily in the retirement income and wealth management markets.

Before joining Genworth Financial, Peter was Managing Director of Charcol, the UK's leading mortgage broker where his focus was to grow the business through a multi channel strategy, consisting of a national branch network, telephone centre and online platform.

Prior to this, Peter was Managing Director, Retail of Bradford & Bingley PLC and was responsible for running the bank network of 210 branches as well as their estate agency business of over 300 branch offices. Peter was also responsible for managing the MarketPlace at Bradford and Bingley, which at the time was the UK's largest Independent Financial Adviser(IFA). During this time, Peter was a member of the British Bankers Association Retail Committee.

Ahead of joining B&B, Peter was Managing Director of Goldfish, a leading credit card company in the UK, where he led the creation of a new bank in partnership with Lloyds TSB and was a board director of Centrica Financial Services, whose other business was the AA Financial and Insurance Services.

Peter also spent six years with Genworth's former parent, GE, where he held a number of roles including Managing Director of GE Life.

Peter was educated at East Surrey College, UK and is based in London.

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Contact Information:

Media: Guy Genney, Genworth Financial, +44 (0)2 0 8380 3786
guy.genney@genworth.com