$11.1 billion Genworth Financial has appointed Michel Perreault as its new chief risk officer. In this role, Perreault will be responsible for enterprise-wide risk management, as well as risk oversight for the Retirement and Protection business unit. He will oversee a global risk organization of more than 150 employees and will report directly to Genworth Chief Executive Officer Michael Fraizer.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...