SYDNEY: Genworth Mortgage Insurance Australia Limited announced that Ms. Pauline Blight-Johnston has been appointed Chief Executive Officer and Managing Director; her appointment will take effect on Monday, 2 March 2020.

Ms. Blight-Johnston takes over from Mr. Duncan West who was appointed acting CEO effective 1 January 2020. Mr. West will continue to serve as an independent, non-executive director following Ms. Blight-Johnston’s appointment.

Genworth Mortgage Insurance Australia Chairman, Mr. Ian MacDonald said, “Pauline has over 25 years’ experience in life insurance and wealth management, at a range of professional and financial services firms.

Pauline brings to Genworth strong financial and actuarial acumen as well as proven capability driving strategy and effectively leading people. I am delighted to have someone with Pauline’s depth of experience join us as Chief Executive Officer and Managing Director.”

Pauline Blight-Johnston said she was pleased to have the opportunity to lead Genworth Mortgage Insurance Australia.

“Genworth plays an important role in supporting home ownership by enabling potential home buyers to enter the property market with a smaller deposit and sooner than they would otherwise be able to. I look forward to delivering long-term value to all shareholders by executing on Genworth’s strategic plan and embedding Genworth as the leading provider of customer-focused risk and capital management solutions in the Australian residential mortgage market.”