Klein's background covers deep life insurance and finance and investment banking. He joins the firm from Barclays Capital, where he was a managing director, leading both the insurance solutions and the pension solutions units. Prior to that, he also led the insurance advisory division of Lehman Brothers.

Genworth Financial records over $100 billion in assets worldwide and more than 15 million clients. It operates through three segments: retirement and protection, international, and US mortgage insurance.

Klein's position as SVP takes effect on 11 April, while his post as CFO will begin after the company files its 10-Q quarterly report for the first quarter.