Saiyid T. Naqvi, chief executive officer of online home equity lender DeepGreen Financial, has been elected to the board of directors of Genworth Financial Inc., a mortgage insurer based in Richmond, Va.Before joining DeepGreen early this year, Mr. Naqvi held CEO positions at PNC Mortgage and Setara Corp. Before that, he was chief operating officer of Sears Mortgage Securities Corp., which was acquired by PNC in 1993. Michael D. Fraizer, Genworth's chairman and CEO, termed Mr. Naqvi "a mortgage industry visionary," citing his expertise in business and technology. Genworth Financial can be found online at http://www.genworth.com.
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