CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE:UNM) today announced that Breege A. Farrell has been
named senior vice president and chief investment officer for the company.
In this capacity, Farrell will be responsible for designing and
overseeing Unum’s investment and asset management strategies, including
maintaining a balanced portfolio of investments to optimize investment
performance within the company’s risk management guidelines.
Farrell joins Unum from Allstate in Northbrook, Ill. She has been at
Allstate since 2004, holding a number of executive-level investment
positions, most recently senior managing director in charge of the
credit and equity asset management groups. Prior to joining Allstate,
she was an analyst with Nomura Corporate Research and Asset Management
Inc. from 2001 to 2004. From 1993 to 2001, Farrell held analyst
positions in equity and high-yield at several investment banks including
JP Morgan, UBS and Kidder Peabody. From 1986 to 1993, she worked in the
investment division of Prudential Insurance Company, most recently as
director of fixed income research. She began her career in Chemical
Bank’s international division serving as a junior loan officer. Farrell,
a CFA, has a bachelor of arts in economics, Spanish and psychology from
Emory University and a master’s in business administration from New York
University’s Stern School of Business.
Farrell will report to Rick McKenney, executive vice president and chief
financial officer, and be based at the company’s Chattanooga
headquarters.
“Breege brings to Unum impressive leadership credentials and a strong
knowledge of investments in the financial services industry,” said
McKenney. “We look forward to her many contributions as part of our
senior leadership team.”
Farrell succeeds David Fussell, who retired from Unum in 2008, and has
served in a consulting capacity as interim chief investment officer
since 2010.
“Under David’s leadership, Unum has built and maintained a strong
investment portfolio that has served us well over many years,
particularly in this uncertain economic environment, and enabled us to
execute on our capital management strategy,” added McKenney. “We
appreciate what he has meant to this company for so many years, and we
wish him all the best in his well-deserved retirement.”
ABOUT UNUM GROUP
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services and the largest provider of group and individual disability
income protection insurance in the United States and the United Kingdom.
Source: Unum Group
Contact:
Unum Group
Investors:
Tom White, 423-294-8996
or
Rob
Lockerman, 423-294-7498
or
Media:
Jim Sabourin,
423-294-6300 or 866-759-8686