Fitch Group, a financial information services firm, has appointed John Olert as group chief risk officer, effective immediately.

Olert's appointment comes at a time when the Fitch Group is "pursuing a more holistic and integrated approach to how it manages various types of risk," the company said. Olert and is team are responsible for reviewing, monitoring, and addressing the multitude of risks that can affect the group’s performance and reputation.

"Fitch Group is a broader business today with a more complex set of risks than ever before," said Fitch Group President and CEO Paul Taylor. "While our largest business of credit ratings has become more heavily regulated, Fitch is also diversifying into other information sectors that face many of the same risks along with some new ones. John and his team have committed themselves to protecting and enhancing the quality of Fitch’s process, products, and reputation—all of which are essential elements of managing risk."

Olert previously was chief credit officer for the group’s Fitch Ratings unit, responsible for credit ratings and criteria oversight, quality assurance, market commentary and research. He also led a number of initiatives to improve recognition and communication of interconnected risks, including the launch of Fitch Credit Academy.