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"Greg is a seasoned investment expert with a demonstrated track record of success," said The Hartford's chairman and chief executive officer Ramani Ayer. "He has the necessary leadership experience to spearhead our investment strategy and help us navigate through this very volatile marketplace. Greg and his team are already immersed in our business and are working to reduce the risk profile of our portfolio. Dave has been dedicated to serving The Hartford for more than 12 years, and we wish him well in his future endeavors."
McGreevey joined The Hartford as chief investment officer for insurance portfolios, most recently from ING Investment Management, where he was vice chairman and executive vice president of ING Investment Management -- Americas. In that role, he led three of the company's divisions, including ING's North American Proprietary Investments, ING Institutional Markets and Lion Custom Investments I and II. While head of Proprietary Investments, McGreevey's team produced top performance within the group from 2004-2006, in terms of investment results relative to external benchmarks, investment earnings and returns on capital. McGreevey also served in several leadership roles at ING, including as a member of the Management Council of ING Group and as chairman of several committees, including the Interest Rate, ALM, Credit, and Investment Committees.
A chartered financial analyst, McGreevey earned a bachelor's degree in marketing and management from the University of Portland and a master's degree in business administration from Portland State University.
About Hartford Investment Management Company
Hartford Investment Management Company (HIMCO), a subsidiary of The Hartford Financial Services Group, Inc. (NYSE: HIG), is a registered investment advisor providing investment management services to both institutions and individuals, including affiliated and non-affiliated corporations, foundations and endowments, mutual funds and employee benefit plans. As of June 30, 2008, Hartford Investment Management has been entrusted with more than $147 billion in assets under management for its clients.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
SOURCE: The Hartford Financial Services Group, Inc.
The Hartford Financial Services Group, Inc. Media: Shannon Lapierre, 860-547-5624 Shannon.lapierre@thehartford.com or Investors: Kim Johnson, 860-547-6781 kimberly.johnson@thehartford.com
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