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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Mike Frazier

Genworth Financial weighs a split-up

Posted by RJ and Makay on Aug 01, 2011

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Genworth Financial executives have not yet decided on whether to split up the company, but in a conference call with analysts last Friday CEO Mike Frazier said that the company was going ahead with contingency plans in preparation for a possible breakup.  Genworth shares jumped 6% on the announcement, closing Friday at $8.32 Frazier, up $0.50, or 6.39 percent. Frazier acknowledged that a split-up could benefit shareholders.