Kristi Matus moves from President of USAA's Life Insurance and
Investment Management Companies to USAA's Chief Financial Officer
SAN ANTONIO--(Business Wire)--USAA CEO Joe Robles today announced the appointment of Kristi
Matus as the association's new chief financial officer. Matus succeeds
Robles, who was named USAA's CEO in December 2007 after serving as CFO
since 1994.
"Kristi Matus is a brilliant businessperson who brings not only
superior analytical skills but also an exceptional record in both
strategy and day-to-day operations," said Robles. "Under her
leadership, our Life Insurance and Investment Management companies
have generated record demand. She knows our business and just as
importantly, she cares deeply about our members and our employees."
"Under Joe Robles' watch as CFO, this association is one of only a
handful of companies that have maintained the highest ratings for
financial strength," said Matus. "USAA was founded by its members for
its members, and especially in today's economy, we'll be vigilant to
keep that trust - for the good of the association as a whole and for
the individual families we're here to serve."
Matus joined USAA in 2002 as vice president, USAA Life insurance
Company, responsible for pricing and product development. She was
promoted to president and CEO, USAA Life Insurance Company two years
later, and in January 2007, added responsibility for the operations of
USAA Investment Management Company. Prior to USAA, Matus was executive
vice president and chief operating officer for Thrivent Financial
Bank.
Matus is a summa cum laude graduate of the University of
Wisconsin-Oshkosh, where she earned a Bachelor of Science degree in
Applied Mathematics with a minor in Business Administration. She is a
member of the American Academy of Actuaries, a Fellow in the Society
of Actuaries and a Fellow of the Life Management Institute.
Under Matus' leadership, Life and Insurance and Investment company
assets owned and managed grew to $76.8 billion and written premiums to
$1.23 billion. The two companies, which employ 1,300 people,
experienced significant product growth during Matus' tenure and were
recognized by major consumer organizations such as Smart Money,
Morning Star and Ward's Top 50 for quality in products, service and
business practices.
About USAA
USAA, a diversified financial services company, is the leading
provider of competitively priced financial planning, insurance,
investments, and banking products to members of the U.S. military and
their families. Named by BusinessWeek as 2007's Customer Service
Champion and ranked highest among financial services companies for
customer advocacy in a Forrester Research survey, USAA provides
convenient and accessible financial products to its more than 6
million members. For more information about USAA, or to learn more
about membership, visit usaa.com.
USAA means United Services Automobile Association and its
affiliates. Property and casualty insurance provided by United
Services Automobile Association, and its affiliate property and
casualty insurance companies and is available only to persons eligible
for P&C group membership. Investment products and services provided by
USAA Investment Management Company, a registered broker dealer. Life
insurance and annuity products provided by USAA Life Insurance
Company, San Antonio, TX. In NY, life insurance and fixed annuities
provided by USAA Life Insurance Company of New York, Highland Falls,
New York. Financial advice provided by USAA Financial Planning
Services Insurance Agency, Inc. (known as USAA Financial Insurance
Agency in California), and USAA Financial Advisors, Inc., a registered
broker dealer. Banking products provided by USAA Federal Savings Bank,
an equal housing lender. Credit cards provided by USAA Savings Bank.
Both banks FDIC-insured.
USAA
Paul Berry, 210-913-1562
paul.berry@usaa.com
Copyright Business Wire 2008
