TORONTO, Feb. 5, 2019 /CNW/ - The Board of Directors of Genworth MI Canada Inc. (the "Company") (TSX: MIC) are pleased to announce today that Rajinder Singh has been appointed to the Board of Directors of the Company and its main operating subsidiary. Mr. Singh has served as the Chief Risk Officer of Global Mortgage Insurance for Genworth Financial, Inc. since 2014 and has previously served in similar roles at CitiMortgage and GE Capital. Mr. Singh also serves as director on the boards of India Mortgage Guarantee Corporation and of Genworth Seguros de Credito a la Vivienda, Mexico. Mr. Singh has his Master of Business Administration in Finance from the University of Rochester's Simon Business School, a Master of Science in Mechanical and Aerospace Engineering from Rutgers University, and a Bachelor Technology in Mechanical Engineering from the Indian Institute of Technology Kanpur.
"We're delighted to have Raj Singh as a new member of the Board. Raj's expertise and depth of knowledge will be invaluable to our organization," said Brian Hurley, Chairman of the Board of Genworth MI Canada Inc. "The Board of Directors and I are excited and look forward to working with him," added Mr. Hurley.
The Board of Directors also announce the resignation of Leon Roday as a Director of the Company and of its main operating subsidiary. The Board of Directors wishes to thank Mr. Roday for his years of dedicated service to the business.
About Genworth MI Canada Inc.
Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada ("Genworth Canada"), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Genworth Canada differentiates itself through customer service excellence, innovative processing technology and a robust risk management framework. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. As at December 31st, 2018, Genworth Canada had $6.9 billion total assets and $4.0 billion total shareholders' equity. Find out more at www.genworth.ca.
SOURCE Genworth MI Canada