Market Overview

Aflac Incorporated Hires J. Peter Kelso As Managing Director; Chief Investments Technology Officer Of Global Investment Division


COLUMBUS, Ga., Oct. 24, 2012 /PRNewswire/ -- Aflac Incorporated announced today that it has hired J. Peter Kelso to the newly created position of managing director; chief investments technology officer in Aflac's Global Investment Division. Kelso will report functionally to Senior Vice President and Aflac Global Investments Chief Operating Officer Joseph F. Meyer, along with a global reporting line to Executive Vice President and Global Chief Investment Officer Eric M. Kirsch. Kelso joined Aflac on October 22 and is based in the Aflac Global Investments office in New York. Along with Meyer, Kelso will sit on the Global Investments Executive Committee. In his new position, Kelso will be primarily responsible for strategy, implementation and oversight of all aspects of information technology related to Aflac's Investment Division globally.

Kelso has 20 years of experience in both information technology and operations in the financial services industry. He most recently served as managing director; head of Application Services for Asset Management, Securities Lending, Funding, Listed Derivatives, CMBS, RMBS, Loans, Money Markets and Foreign Exchange in Deutsche Bank Group's Global Technology organization. In that capacity, he was responsible for all IT projects and applications within those businesses, managing a team of over 400 employees and contractors on a global basis. Prior to Deutsche Bank, Kelso was at Merrill Lynch Investment Management for five years, serving as director and head of Investments Technology. He also previously served as a vice president in Technology for Bankers Trust's Asset Management division. Kelso began his career as a computer engineer at Northern Telecom. He received a bachelor's degree in general engineering from the University of Illinois and a master's degree in business administration with an emphasis in finance and statistics from the University of Chicago Booth School of Business.

Executive Vice President and Global Chief Investment Officer Eric M. Kirsch commented, "We are delighted that Pete has joined Aflac's Global Investment Division. Having worked with him previously at Deutsche Asset Management, I have firsthand knowledge of Pete's accomplishments and his ability to deliver results."

Senior Vice President and Aflac Global Investments Chief Operating Officer Joseph F. Meyer also commented, "Pete is a seasoned IT and Operations executive with a proven track record of managing large scale, global change in both Asset Management and Investment Banking firms. I am confident that his expertise in leading global IT and operations teams will prove to be a tremendous asset to Aflac's Investment Division." 


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 individual and group 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. In 2012, FORTUNE magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 14th consecutive year. Also, FORTUNE magazine included Aflac on its list of Most Admired Companies for the 11th 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 or

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
Media contact – Jon Sullivan, 706.763.4813, FAX: 706.320.2288, or

SOURCE Aflac Incorporated

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