Top insurer appoints new CEO

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Lenders mortgage insurance (LMI) provider Genworth Mortgage Insurance Australia has appointed a new chief executive officer and chief financial officer.

Acting CEO and previous CFO Georgette Nicholas has formally been appointed CEO and acting CFO Luke Oxenham has been formally appointed to the role of CFO. 

During her role as CFO for Genworth, Nicholas was instrumental in executing the initial public offering (IPO) and establishing Genworth as a public company. Before coming to Australia, Nicholas held various senior leadership roles with Genworth Financial Inc in addition to senior finance roles with Deloitte and other public accounting firms.

Oxenham has been appointed CFO after holding various roles in corporate finance and investor relations within the company. Prior to joining Genworth in 2012, he held various finance and investor relations roles with Promina, Macquarie Group and the Intoll Group where he was CFO. 

Nicholas says the new executive team will be focussed on long-term strategic goals. 

“Genworth Australia plays a vital role in supporting the home ownership aspirations of Australian families by enabling creditworthy borrowers to purchase a property sooner with a smaller deposit,” she said.

“We remain focussed on our strategic priorities that will deliver long-term value to all shareholders.”