CUNA Mutal Group: David G. Brown joins as new chief investment officer

For more information:
Jess Noelck 608.665.7861
jess.noelck@cunamutual.com
Phil Tschudy 608.665.7188
philip.tschudy@cunamutual.com

Former TIAA-CREF Executive Brings Significant Industry Leadership and Expertise

MADISON, Wis. – CUNA Mutual Group has hired David (Dave) G. Brown as the company’s new chief investment officer. He will replace David Marks, who will retire at year-end. Brown most recently served as chief investment officer for the TIAA-CREF General Account.

Brown will oversee the company’s investment portfolio and MEMBERS Capital Advisors, the registered investment advisor affiliate of CUNA Mutual Group, to deliver long-term financial strength.

“We are honored to have Dave join CUNA Mutual Group,” said Robert Trunzo, president and chief executive officer of CUNA Mutual Group. “He is a highly respected leader in the industry and brings significant investment expertise and leadership to our company.”

Marks will retire after 10 years at CUNA Mutual Group. “David has developed a world-class investment team that has delivered outstanding results. Our company is stronger because of their work, and we are grateful for their impressive commitment,” said Trunzo.

In addition to serving as chief investment officer, Brown served as the chairman of the TIAA Investment Management Committee. He was a key voting member of the firm’s Asset/Liability Committee, the CREF Investment Management Committee, the Investment Risk Management Committee, the Real Asset Operating and Oversight Committee and the Information Barrier Oversight Committee.

Brown also held several senior-level investment positions at Prudential Financial across the firm’s Prudential Mortgage Capital, Prudential Capital and Prudential Real Estate Investors institutional investment platforms.

“Dave brings multifaceted experience from within the insurance industry,” Trunzo added. “His perspective and focus will bring even greater value to our company and to the credit unions and members we serve.”

Brown earned a bachelor’s degree in business administration from Boston College and a master’s degree in business administration from the Harvard Business School.

About CUNA Mutual Group
CUNA Mutual Group was founded in 1935 by credit union pioneers, and our commitment to their vision continues today. The company offers insurance and protection for credit unions, employees and members; lending solutions and marketing programs; TruStageTM – branded consumer insurance products; and investment and retirement services to help credit unions and members achieve financial security and success. More information is available on the company’s website at www.cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wis.