GE Financial Fills Key Slot in Growing Intermediary Sales Organization; Adam Rochlin Appointed National Sales Manager for Retirement Services Group RICHMOND, Va.--(BUSINESS WIRE)--May 30, 2003--In a move to bolster its retirement services platform, GE Financial today announced the appointment of Adam Rochlin as National Sales Manager for the organization's Retirement Services Group.
Rochlin will be charged with maintaining and driving sales for the group, a key component of GE Financial's growth strategy. Specifically, he will be responsible for annuity and mutual fund sales within RSG's national and regional wirehouses and independent broker-dealer channel customers.
This is an important move for the Retirement Services Group as the business looks to capitalize on the rapidly growing market for retirement income planning products and services. Broad demographic trends and market realities have underscored the need for Americans to build the right balance of investment, income and protection products into a retirement income plan, and the GE Financial companies are leading the way in meeting this need. Last year, GE Life and Annuity Assurance Company launched GE Retirement Answer(SM), an innovative variable annuity designed for consumers focused on blending elements of guaranteed income and upside market potential.
This idea illustrates GE Financial's overall commitment to help meet the retirement planning needs of Americans and the advisors who serve them.
Rochlin will report directly to Frank Gencarelli, Executive Vice President and leader of the Retirement Services Group, GE Financial. Adam brings a broad range of experience to this new role. I look forward to working with him as we look to grow this new market among our corporate retail distributors and their clients and customers, said Gencarelli.
For the past two years, Rochlin has been President, Capital Brokerage Corporation, GE Brokerage Services, which are components of GE Financial. While there, he was a key player in the growth of the Independent Accountants Network platform, a GE Financial acquisition in 1998. Rochlin joined GE Financial in 1998 as a Vice President with GE Asset Management. There, he worked in product development and marketing of GE Mutual Funds and other variable investment products.
About GE Financial's Retirement Services Group
GE Financial's Retirement Services Group offers customers a broad line of investment, insurance and annuity products to help investors meet their retirement planning needs and offers these products and services through financial professionals. The Retirement Services Group prides itself on three key strengths -- a suite of innovative products and services for individuals and investment professionals, an unmatched commitment to customer service and relationship management and recognition of the GE brand.
About GE Financial
GE Financial is a part of GE Insurance, a division of the General Electric Company (NYSE:GE). GE Financial provides products and services that help people invest, protect and retire. Its consumer insurance and investment offerings are sold through multiple distribution channels and include: life insurance, annuities, mutual funds, retirement investment plans, long term care coverage, supplemental accident and health benefits, auto coverage, and life style enhancement products like travel services and automobile clubs.
Headquartered in Richmond, Virginia, GE Financial operates in 17 countries and has $126 billion of assets under management. For more information, visit http://www.gefinancial.com.
GE Life and Annuity Assurance Company is not licensed in the state of New York and does not solicit business in the state of New York. GE Retirement Answer is a variable annuity issued by GE Life and Annuity Assurance Company, 6610 West Broad Street, Richmond, VA 23230. Principal underwriter: Capital Brokerage Corporation (dba GE Capital Brokerage Corporation in MN, IN, NM and TX), 201 Merritt 7, P.O. Box 5005, Norwalk, CT 06856-5005. Member NASD/SIPC
GE Life and Annuity Assurance Company and Capital Brokerage Corporation are members of the GE Financial family of companies. GE Retirement Answer is GE Life and Annuity Assurance Company's schedule purchase payment variable deferred annuity, policy form P1161 (3/01). Not available in all states and markets. Features and benefits may vary by state.
Variable annuities are long-term investments designed for retirement purposes. Variable products are sold by prospectuses, which describe risk factors, fees and charges that may apply. You can obtain prospectuses by calling 1-800-THINK GE. Please read the prospectuses carefully before you invest or send money.
It is possible that poor long term Subaccount performance either during the accumulation phase or during the payout phase will result in you receiving no more than the Guaranteed Minimum Income Payment during your lifetime.
All guarantees are based on the claims-paying ability of GE Life and Annuity Assurance Company and depend on all required payments and other contract requirements being satisfied.
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CONTACT: GE Financial
Tim Benedict, 203/229-5206
or
Josh Karpf, 804/662-7761
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340