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Six New Officers Elected to Stable Value Investment Association Board

The Stable Value Investment Association, a non-profit organization dedicated to educating the public on the importance of saving and investing for retirement and the contribution that Stable Value Funds can make in providing a financially secure retirement, elected six new officers to the Association's Board of Directors.

The six new officers were elected for a three-year term to the 21-member Board. The SVIA Board serves as the governing and policymaking body for the Association. The new officers are:

• Richard F. Cook, Manager of Marketing & Sales for the Institutional Stable Value Group of GE Financial Assurance. Rick's 15 years of experience in Stable Value include expertise in market assessment and the design and sale of guaranteed investment contracts, funding agreements and other principal- protected products.
• Nathaniel H. Duffield, Director of Trust Investments, Halliburton Company in Dallas, Texas. Nat has day-to-day management and investment responsibility for the $6.5 billion in Halliburton's retirement plans.
• Aruna Hobbs, Director of Institutional Business Development, AEGON Institutional Markets, Inc. in Louisville, Kentucky. Aruna manages and oversees AEGON's Stable Value Team, which is responsible for managing, underwriting/monitoring and developing the $25 billion plus book of traditional, separate account and synthetic GICs.
• Jeffrey B. Norris, Vice President, Retirement and Savings, MetLife in New York, New York. Jeff oversees product development and management for a variety of institutional offerings including Stable Value, enhanced fixed income index, asset allocation and variable annuity products.
• Victoria M. Paradis, CFA, Vice President, Stable Value Portfolio Manager, J.P. Morgan Investment Management in New York, New York. Vicky heads the firm's Stable Value Group and is responsible for managing client Stable Value portfolios.
• David VanBenschoten, Vice President and Treasurer at General Mills, Inc. in Minneapolis, Minnesota. Dave oversees the entire General Mills Treasury department. This includes the risk management, cash management, corporate finance and foreign exchange operations of General Mills. He is also responsible for the investment and financial administration of General Mills' $2.5 billion retirement plan assets as well as approximately $500 million of long-term corporate marketable investments.

Many thanks go to SVIA's retiring Board members. They are: Dan Libby with IBM, Vic Gallo with Jackson National Life, Tami Pearse with Deutsche Bank, Tom Obsitnik with Eli Lilly, and Rudy Gernert with Aegon.

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