Genworth Financial Wealth Management has hired former Fidelity Investments executive Michael Kim as senior vice president of business and channel development.
Kim will head a new department to support those advisers servicing high-net worth investors. These include Genworth’s core market of independent broker-dealer advisers, as well as registered investment advisers.
Kim brings more than 20 years of industry experience in the advisory and wealth management markets. Reporting directly to GFWM president Gurinder Ahluwalia and serving on the executive management team, Kim will be responsible for the development of enhanced products and services, with the goal of helping advisors increase their assets under management and service higher net worth investors.
"Through Michael’s direction, GFWM will strengthen its service and relationships with those advisors who have shown interest in growing their high-net-worth clients," says Ahluwalia. "Our decision to build a business and channel development group is in response to pent-up demand among our core base of independent broker-dealer advisors, along with RIAs."
Prior to joining GFWM, Kim was a senior vice president at Fidelity Institutional Wealth Services, where he was responsible for various functions, including sales management, relationship management and practice management. During his 12 years there, Kim provided solutions and leadership in working with independent investment advisers that used Fidelity as the custodian of its client accounts.
Kim started his financial services career at Coopers & Lybrand, a national public accounting firm, where he specialised in providing audit and consulting services to investment advisors, broker-dealers and mutual fund companies.