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LIMRA Appoints New Compliance Head

Scuttlebutt | June 13, 2012

LIMRA, an association of insurance and financial services companies, has appointed Paul DeSimone as head of the company's compliance and regulatory services group, effective as of May 1.

In his new role, DeSimone oversees the management of LIMRA's compliance products and the regulatory services strategy center, established in 2011 to assess global trends, regulations and issues affecting financial services companies.

DeSimone has been a regular member and vice chair of the company's broker and dealer services committee for 15 years. He currently serves as president and chief compliance officer of an SEC-registered broker/dealer and principal of a private equity firm. He has held a variety of positions at LIMRA member companies including: New England Financial, American Skandia, MassMutual and Prudential Financial.