|Last Price$4.89||Day Change (%)-1.21%|
|Open Price$4.90||Day Change ($)-0.06|
|Day Range4.87–5.06||52-Week Range1.57–5.74|
As of Fri 9/23/2016 5:47:00 PM | USD
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.
The insurer is trying to expand outside the affluent market with the purchase of a tech platform.
Aquiline Capital Partners and Genstar Capital, two private equity firms, are set to Acquire Genworth Wealth Management for $412.5 million.