Genworth Financial has a new leader in their investment management arm.

Daniel Courtney will be filling the newly created position of president for Genworth Financial Asset Management, according to a company news release.

Courtney has previously worked with Resource America, a firm in Philadelphia where he had a variety of executive roles.

He'll work with GFAM's chief investment officer Tim Knepp.

Read the company news release below.

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Company Press Release

Genworth Financial Asset Management Unit Names President

New Leader Will Shape How Investment Solutions Support Risk Management

PLEASANT HILL, Calif., December 13, 2012—Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial (NYSE: GNW), has hired a president, which is a new role, for its affiliate investment arm, Genworth Financial Asset Management.

Daniel Courtney takes the reins in a new leadership position for the asset management unit. As a member of the Genworth Wealth Management Senior Leadership Team, Courtney will focus on managing and executing the business plan and growth strategy, including product development and target markets, for the $6 billion business. Courtney will also lead efforts to support training and education of financial advisors about the benefits and characteristics of the investment solutions offered by GFAM on the Genworth Wealth Management platform.

“Dan is a great example of our focus on building the GFAM value proposition,” said Mike Abelson, GFWM’s Senior Vice President, Investments and Product Development, to whom Courtney will report. “In his role, he’ll have broad authority to enhance the ways financial advisors support their investors’ risk management needs by incorporating GFAM’s innovative investment solutions.”

Courtney will work closely with GFAM’s Chief Investment Officer Tim Knepp. “Dan has demonstrated a tremendous ability to deliver superior advisor support and innovative product development, which are key traits for accelerating GFAM’s growth,” said Knepp.

Courtney brings more than 15 years of sales and marketing leadership experience in investment management and intermediary firms to his new position. For the past seven years, he held senior executive roles at Resource America in Philadelphia, where he drove sales of specialized products and oversaw product development, sales, service, business development and marketing.

“I’m excited about Dan’s ability to help drive GFAM business growth in the months and years ahead,” said Abelson. “We expect that he’ll help shape GFAM’s unique value proposition and strengthen relationships with advisors.”  

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