Genworth Financial Wealth Management will soon have new owners -- and a new name.
Genworth Financial Inc . said it is eliminating 400 jobs as Chief Executive Officer Thomas McInerney seeks to counter the pressure from low interest rates.
Genworth Financial Wealth Management, a unit of Genworth Financial , hired Daniel Courtney to the newly created position of president of the asset management division.
Genworth Financial Wealth Management introduced GPS Select Solutions, multi-strategic portfolios that serve a variety of specific investment goals.
A China Oceanwide investment platform will pay $5.43 per share, the companies said.
Aquiline Capital Partners and Genstar Capital, two private equity firms, are set to Acquire Genworth Wealth Management for $412.5 million.