Richmond, Va. - Genworth Financial Inc. has named Samuel D. Marsico senior vice president and chief risk officer (CRO). Marsico previously was CRO of the company's mortgage insurance business, where he helped support international expansion of mortgage insurance operations.Marsico will oversee more than 150 professionals dedicated to risk management across Genworth. He brings more than 25 years of experience to his new role. Prior to joining Genworth in 1997, Marsico held leadership positions in areas including audit for Price Waterhouse and finance at the General Electric Company. He replaces Mark W. Griffin, who became Genworth's chief investment officer in October 2005.
"Sam possesses the exceptional skills and business acumen needed to take our sophisticated risk management strategies to the next level," says 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."
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