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Genworth appoints new officer

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Genworth Financial appoints Australian subsidiary leader to new position.

US-based Genworth Financial has appointed Martin Barber, who leads its Australian subsidiary, as an officer.

Barber has led Genworth Financial Australia's mortgage insurance business since 2007. He joined the company from Citibank where he held leadership positions in the mortgage, commercial lending, credit and risk, and commercial mortgage segments.

He has also held a number of leadership roles with Manchester Exchange and Investment Bank and William & Glyn's Bank (now Royal Bank of Scotland) in his 30-year career in banking and financial services.

"Martin has demonstrated consistent, customer-oriented and results-driven leadership during these difficult times. He has led the expansion of high value products and services that help our customers grow their businesses while managing risk and capital," Genworth Financial chief executive Michael Frazier said.

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Genworth Financial has more than $100 billion in assets and employs around 600 people in more than 25 countries. It has three segments: retirement and protection, US mortgage insurance and international.