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Saiyid (Sy) T. Naqvi Elected to Genworth Financial Board of Directors


RICHMOND, Va., Dec. 2 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) announced today that Saiyid (Sy) T. Naqvi has been elected to the Genworth Financial Board of Directors, filling the second of two recently created independent director positions.

Naqvi is chief executive officer of DeepGreen Financial, an online home- equity lender that has made more than $5 billion in loans since its inception in 2000. Prior to joining DeepGreen early in 2005, he held CEO positions with PNC Mortgage and Setara Corporation. Previously, he was chief operating officer of Sears Mortgage Securities Corporation, which was acquired by PNC in 1993. He serves on the board of directors of Hanover Capital Mortgage Holdings and is a former member of the board of directors of the Mortgage Bankers Association of America.

"Sy Naqvi is a mortgage-industry visionary whose innovative outlook and management experience will be welcome additions to the Genworth board as it continues to add talent and independence," said Michael D. Fraizer, chairman and chief executive officer. "Beyond tapping his extensive business skills to help guide our growing lifestyle protection, retirement income and investment businesses, we are particularly excited to gain Sy's expertise in using technology to increase home ownership as our mortgage insurance operations expand in the U.S. and around the globe."

Genworth's board composition was expanded by two independent positions as a result of the reduction in holdings by its former parent, the General Electric Company. Nancy J. Karch, director emeritus and retired senior partner of international consulting firm McKinsey & Company, was elected to one of those positions on Oct. 28.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) 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, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit

SOURCE Genworth Financial, Inc.

CONTACT: Media: Tom Topinka, +1-804-662-2444,, or Investors: Alicia Charity, +1-804-662-2248,, both of Genworth Financial, Inc.

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