Genworth Financial hired Ronald Joelson as its new chief investment officer, with responsibility for managing Genworth's nearly $70 billion investment portfolio.
Joelson comes was formerly at JPMorgan Asset Management in New York, where was a managing director of insurance strategic markets coverage from July 2007 until November of this year.
Before that, from 1984-2007 Joelson held a number of financial positions at Prudential Financial in Newark, New Jersey. He spent his first 11 years there in private placements and structured finance. Immediately before being named Prudential's CIO, was senior vice president, financial management, helping design structures for demutualization of the company.
Meanwhile, from 2000-2007 Joelson served as Prudential's senior vice president and chief investment officer, asset liability and risk management, overseeing investment strategy and portfolio performance for Prudential's $230 billion general account.