Genworth Financial, seller of mortgage guarantees, appointed former U.S. Senator Kent Conrad to the board of directors, Bloomberg reports.
Conrad will help financial firms seek government expertise and influence in Washington.
The new addition of Conrad jumps the size of the board from nine to 10, the article states.
“Kent’s extensive budgetary and public policy experience and perspectives will provide invaluable insights as Genworth continues its focus on rebuilding value for shareholders,” Genworth Chairman James Riepe said.