Genworth Financial Names Samuel Marisco As Chief Risk Officer

Genworth Financial, Inc., an insurance holding company, appointed Samuel D. Marsico as senior vice president and chief risk officer (CRO), replacing Mark Griffin, who became the company's chief investment officer in October 2005. Marsico previously served as CRO of the

By None

Genworth Financial, Inc., an insurance holding company, appointed Samuel D. Marsico as senior vice president and chief risk officer (CRO), replacing Mark Griffin, who became the company’s chief investment officer in October 2005. Marsico previously served as CRO of the company’s mortgage insurance business, where he helped support international expansion of mortgage insurance operations.

Prior to joining Genworth in 1997, Marsico held leadership positions in areas including audit for PriceWaterhouseCoopers and finance at the General Electric Company.

“Sam possesses the exceptional skills and business acumen needed to take our sophisticated risk management strategies to the next level,” said Michael D. Fraizer, chairman and chief executive officer of Genworth. “He will continue building and strengthening all aspects of our risk operations to ensure Genworth remains strong, agile and able to effectively manage enterprise-wide risks in the face of competitive demands, regulatory imperatives and customer needs.”

«