Press Release
Angel Mas Appointed President of Genworth Finanical's European
Mortgage Insurance Business
London, 30 July 2007: Leading financial security company, Genworth Financial Inc. (NYSE: GNW), has announced the appointment of Angel Mas to head its European Mortgage Insurance business.
Formerly Managing Director and Commercial Leader of Genworth's Payment Protection Insurance business, Mas' new remit will be to expand Genworth's already established Mortgage Insurance Europe (MIE) business - with a focus on driving disciplined growth in the unit's key regions.
"Genworth is a strong local player, well-known in this industry for our unique partner franchise," said Mas. "I'm looking forward to working with our partners and in-country teams to build out our operations with the high standards of risk management rigour, controllership, integrity and innovation that Genworth is known for. After all, it's what keeps us ahead of the game - and gives our customers a competitive advantage."
Mas has a proven track record in growing new markets and delivering results having helped to establish Genworth businesses in some 24 countries. With 15 years of financial services experience, he has worked in the areas of business development, risk and capital management,
finance and controllership, mergers and acquisitions.
"Our European mortgage insurance business will be integral in helping International to meet our ambitious goal of producing 50% of Genworth's earnings by 2010," said Bob Brannock, President & CEO of the company's European & Canadian operations. "Angel's strong commercial ethic, coupled with his commitment to driving customer confidence through quality, makes him the ideal choice to help grow the business to its full potential."
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, and has
operations in 24 countries. For more information, visit www.genworth.com. Genworth's European
mortgage insurance business is conducted by Genworth Financial Mortgage Insurance Limited of
80 Strand, London WC2R 0GR and is authorised and regulated in the United Kingdom by the
Financial Services Authority.
Contact Information:
Media: Andrea Pound
+44 (0) 792 082 1263
andrea.pound@genworth.com
Guy Genney
+44 (0) 208 380 3786
guy.genney@genworth.com