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Genworth Names Barclay Manager Martin Klein To CFO Post

DOW JONES NEWSWIRES Genworth Financial Inc. (GNW) named a Barclays PLC (BCS, BARC.LN) manager, Martin P. Klein, as its chief financial officer, recruiting an executive with nearly 30 years of experience in the insurance, finance and investment banking fields. Klein, 51, previously worked as managing director of Barclays Capital's insurance and pensions units. He also led the insurance advisory group at Lehman Brothers. He will become a senior vice president at Genworth on April 11 and assume the CFO title after the company files its fiscal first-quarter results. Last month, Genworth Financial reported a surprise fourth-quarter loss on charges tied to its troubled mortgage-insurance unit. The company's bottom line had been improving in recent quarters, but core profits have disappointed as the mortgage operation has dragged on results. Shares were recently up 2.3% to $12.73 Friday. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Genworth (GNW)
DateTimeHeadline
05/01/201316:32:10MARKET SNAPSHOT: U.S. Stocks Sink; Dow Snaps 4-day Win Streak
05/01/201315:17:19MARKET SNAPSHOT: U.S. Stocks Continue Slide After Fed Decision
05/01/201314:34:34MARKET SNAPSHOT: U.S. Stocks Curb Slide After Fed Decision
05/01/201314:13:35MARKET SNAPSHOT: U.S. Stocks Sink Before Federal Reserve Decision
05/01/201308:57:32U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/04/201313:40:10U.S. Consumer Bureau Hits Four Mortgage Insurers With $15 Million...
03/11/201316:47:37MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Nears Record
03/11/201312:37:09MARKET SNAPSHOT: U.S. Stocks Waver After Chinese Data
03/11/201311:14:34MARKET SNAPSHOT: U.S. Stocks Edge Lower After Chinese Data
03/06/201309:40:18Genworth Halts California Insurance Sales
02/11/201315:14:30Genworth Said in Talks to Sell Businesses
02/11/201315:13:22Genworth Financial in Talks to Sell Businesses -Reuters
01/16/201311:30:51Genworth Unveils Capital Plan for Mortgage Insurer
11/13/201217:09:07MARKET SNAPSHOT: U.S. Stocks Finish Lower On 'cliff' Concerns
08/05/201218:50:09AIG, Other Insurers in U.S. Consumer Bureau Probe
08/05/201218:01:19AIG, Other Insurers Face US Consumer Bureau Probe
08/01/201209:36:08US HOT STOCK FUTURES: HOT STOCKS TO WATCH
07/18/201217:20:07Prudential Halts Long-Term Care Group Sales
07/18/201217:10:11Prudential Halts Sales of Group Long-Term Care Coverage
06/27/201215:50:32Moody's Puts Genworth on Review, May Downgrade

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