Aflac Incorporated Hires Timothy "Chip" Stevens As Managing Director; Global Head Of Trading, Investment Division

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Jun 07, 2012, 08:59 ET

COLUMBUS, Ga., June 7, 2012 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that it has hired Timothy "Chip" Stevens to the newly created position of managing director; global head of trading in Aflac's Investment Division, reporting to First Senior Vice President; Global Chief Investment Officer Eric M. Kirsch. Stevens will join Aflac on June 12, 2012, and will be based in the recently opened Aflac Global Investments office in New York. In his new position, Stevens will lead Aflac's global trading activities, including fixed-income instruments, currency investments and other asset classes. In his role, he will be working closely with portfolio managers and credit analysts that oversee Aflac's global investment portfolio. Additionally, he will be responsible for building out Aflac's trading systems and infrastructure, coordinating and strengthening Aflac's counterparty relationships, and establishing centralized trading activity to ensure the best execution across all platforms.

Stevens has two decades of experience in both U.S. and global investments. He most recently served as managing director; head of fixed income trading for the Americas for BlackRock Investment Management. Prior to joining BlackRock, he was managing director; head of U.S. fixed income trading for Barclays Global Investors in San Francisco. Additionally, Stevens held progressively responsible positions with Deutsche Bank AG, including senior trading and trading management positions of investment grade and high-yield cash, CDS, loan and index trading. He earned a bachelor's degree in economics from Cornell University and a master's degree in business administration from Duke University.

First Senior Vice President and Global Chief Investment Officer Eric M. Kirsch commented, "We are pleased to have Chip join Aflac as a senior member of Aflac's Investment Division. Chip has extensive global experience with sell-side and buy-side institutions. He has also been both the architect and manager of large, complex trading platforms servicing a broad scope of investment processes, asset classes and geographies. We believe his results-driven expertise will benefit Aflac's Investment Division in capturing the best market insights, achieving the best execution, and globally scaling our purchasing power with broker dealers. I look forward to Chip's contributions in working with Aflac's Investment team as we build a world-class investment operation."

ABOUT AFLAC

When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac insurance products provide protection to more than 50 million people worldwide. For six consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies and by Forbes magazine as one of America's Best-Managed Companies in the Insurance category. In 2012, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the fourteenth consecutive year. Also, Fortune magazine included Aflac on its list of Most Admired Companies for the eleventh time in 2012. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or espanol.aflac.com.

FORWARD-LOOKING INFORMATION

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. We desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC).

Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as "expect," "anticipate," "believe," "goal," "objective," "may," "should," "estimate," "intends," "projects," "will," "assumes," "potential," "target" or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements. We caution readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements: difficult conditions in global capital markets and the economy; governmental actions for the purpose of stabilizing the financial markets; defaults and credit downgrades of securities in our investment portfolio; impairment of financial institutions; credit and other risks associated with Aflac's investment in perpetual securities; differing judgments applied to investment valuations; significant valuation judgments in determination of amount of impairments taken on our investments; limited availability of acceptable yen-denominated investments; concentration of our investments in any particular single-issuer or sector; concentration of business in Japan; ongoing changes in our industry; exposure to significant financial and capital markets risk; fluctuations in foreign currency exchange rates; significant changes in investment yield rates; deviations in actual experience from pricing and reserving assumptions; subsidiaries' ability to pay dividends to Aflac Incorporated; changes in law or regulation by governmental authorities; ability to attract and retain qualified sales associates and employees; decreases in our financial strength or debt ratings; ability to continue to develop and implement improvements in information technology systems; changes in U.S. and/or Japanese accounting standards; failure to comply with restrictions on patient privacy and information security; level and outcome of litigation; ability to effectively manage key executive succession; impact of the recent earthquake and tsunami natural disaster and related events at the nuclear plant in Japan and their aftermath; catastrophic events including, but not necessarily limited to, tornadoes, hurricanes, earthquakes, tsunamis, and damage incidental to such events; and failure of internal controls or corporate governance policies and procedures.

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Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330, or [email protected]
Media contact – Laura Kane, 706.596.3493, FAX: 706.320-2288, or [email protected]

SOURCE Aflac Incorporated