Former President of OPUBCO Communications Group to Join American Fidelity Corporation - Insurance News | InsuranceNewsNet

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January 30, 2012 Newswires
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Former President of OPUBCO Communications Group to Join American Fidelity Corporation

Business Wire, Inc.

David Thompson to Lead Wealth and Asset Management Business Group

OKLAHOMA CITY--(BUSINESS WIRE)-- American Fidelity Corporation (AFC), Oklahoma’s largest provider of insurance, financial and asset management products and services, today announced David Thompson as president and CEO of its trust and investment management group composed of several companies, including InvesTrust, a national trust bank with expertise in personal and corporate trust, investment management and custodial services. Thompson will head AFC’s asset management subsidiary, ASC Holding, established in 1997, to provide investment advice to individuals, foundations and corporations seeking to optimize returns while safeguarding equity.

Bill Cameron, chairman and CEO of AFC, announced the appointment of Thompson and commended the retiring president and CEO of the company’s trust and asset management business, Dan Junkin, for his leadership.

“We are grateful to Dan for establishing our trust and asset management businesses almost 14 years ago in a transaction that enabled his respected firm, Asset Services Company, to become part of American Fidelity. This was a transaction that provided the immediate financial resources and management support required to recruit and retain exceptional talent, as well as to build a substantial asset management business capable of offering the array of sophisticated products sought by clients. Dan is a key part of our success, and we are pleased he has agreed to continue with the company to support David during the transition,” Cameron said.

“Wealth and asset management is a relationship-driven business,” continued Cameron. “David is a highly-respected and experienced leader and businessman here in Oklahoma as well as across our country. He instinctively comprehends the challenges individuals and companies face working to consistently manage their wealth and assets in today’s economy. I’ve personally known David for more than 25 years and have watched him adapt to the demands of changing business situations. He has effectively led a substantial organization. He is respected, trusted and understands why personal service is so vital to the success of this business group. I am confident he is the right person to build on the success we have enjoyed, and he will position us for even greater growth in the years to come.”

Junkin said he appreciated the opportunity presented to him by Bill Cameron to have his successful financial services firm become part of AFC. “In retrospect, it is quite apparent now that merging my firm with American Fidelity was indeed the right strategic business move for both companies. This is an exceptional company, and its diversified portfolio of financial businesses allowed us to tailor investment solutions for our individual and corporate clients. I am pleased David is joining the company, and being familiar with his considerable business and community experience, I know he has the vision and talent to truly build on our success.”

“American Fidelity is widely respected in our community and across the country as one of the best-managed and strongest diversified financial service companies in America,” commented Thompson. “The company’s trust and asset management business group is well-positioned for continued growth with an impressive roster of individual and corporate clients as well as exceptional talent. The ability to align investment strategies with the expectations and desires of clients and adhere to sound investment practices is a hallmark of this business group. These qualities will be the foundation on which we will continue to build the wealth and asset management business. I am truly honored and excited to have the opportunity to work for such a prominent and highly-principled company and to take the lead in expanding this important part of American Fidelity’s business.”

Prior to joining AFC, Thompson was president and publisher of OPUBCO Communications Group, which included among its businesses the Oklahoman, the state’s largest daily print and online news source. He also served as vice president of advertising for the Charlotte Observer, the largest news organization in North Carolina. During his 37 year career in news and publishing, he received a number of awards and honors recognizing his leadership and achievements. Actively involved in the communities where he has lived, Thompson is the immediate past chairman of the Greater Oklahoma City Chamber of Commerce and chaired the successful United Way Campaign in 2009.

For more information on ASC, InvesTrust, or American Fidelity, please visit the following websites:

http://www.assetservicescompany.com/

http://www.investrust.com/

http://www.afadvantage.com/

About American Fidelity Corporation

American Fidelity Corporation (AFC) is a holding company for a variety of organizations dedicated to helping Customers with their financial security goals. Its entities include American Fidelity Assurance Company, Asset Services Company, American Fidelity General Agency, American Fidelity Health Services Administration, American Fidelity Property Company and the Alcott Group, among other holdings.

Gooden GroupJane Braden, 405-715-3232
Cell: 405-818-1905

Source: American Fidelity Corporation

Copyright:  Copyright Business Wire 2012
Wordcount:  773

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