Genworth appoints former St George boss Paul Fegan as CFO

Jonathan ChancellorJanuary 6, 2013

Mortgage insurer Genworth has appointed the former St George Bank chief executive Paul Fegan as its chief financial officer.

He replaces Anne O'Driscoll, who left in December for a similar role at broker Steadfast.

Fegan joined St George Bank in 2002 and was appointed chief in 2007 until Westpac took over St George in 2009.

His banking career includes a two-decade stint at National Australia Bank.

Most recently Fegan was a director of AMP.

The appointment suggests that Genworth wants to be ready for an initial public offering (IPO) in the second half of this year, if market conditions allow.

It will be overseen by chief executive Ellie Comerford.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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