COLUMBUS, Ga., June 30, 2010 /PRNewswire via COMTEX/ -- Aflac Incorporated today announced that William "Bill" R. Wright Jr. has joined the company's investment team as senior vice president, Investment Strategy and Risk Management, reporting to Aflac Incorporated President and Chief Financial Officer Kriss Cloninger III.
Wright has worked with Aflac on a consulting basis since January 2010. His extensive work experience includes serving as executive vice president and chief investment officer of Fixed Income-Insurance at GE Asset Management; vice president/portfolio manager of International Fixed Income for GE Investments Corporation; managing director and chief investment officer of GE Edison Life Insurance Company in Tokyo; and managing director of GE Asset Management's first non-U.S. subsidiary in London. In addition, Wright served as senior vice president and chief investment officer for Genworth Financial and in various leadership positions with Continental Asset Management Corp., Bankers Trust Global Private Bank, Bankers Trust Investment Management Group, and Coopers & Lybrand. He received a bachelor of arts in political science and East Asian studies from Wittenberg University, a diploma in Chinese Mandarin from the Defense Language Institute, and a master's of business administration from the New York University Stern School of Business.
Regarding Wright's new position, Kriss Cloninger III said: "Bill's expertise adds additional strength and perspective to Aflac's investment team. His global experience with portfolio management, particularly in Japan, combined with his experience with credit analysis, risk management, investment consulting, private banking, and pension funds, will complement and strengthen Aflac's successful portfolio management strategy. We are very pleased to have Bill join Aflac's worldwide investment team."
Senior Vice President and Chief Investment Officer Jerry Jeffery added, "As the investment environment expands in scope and complexity, Bill's experience and expertise will be an asset to our investment team, and will also help fortify our record of investing prudently to match our liabilities while enhancing shareholder value. I'm looking forward to working with Bill and our entire team to manage the growth and performance of our investments."
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one insurance company in terms of individual insurance policies in force. Aflac insurance products provide protection to more than 50 million people worldwide. Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies for four consecutive years, and Forbes magazine named Aflac as America's Best-Managed Company in the Insurance category. In 2010, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the twelfth consecutive year and also included Aflac on its list of Most Admired Companies for the ninth time. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.
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SOURCE: Aflac Incorporated