ING has hired Prakash Shimpi as chief risk officer for ING U.S. In this new role, Shimpi will oversee the enterprise-wide risk monitoring and management program for ING’s U.S. insurance operations. His responsibilities will include managing the framework for measuring, controlling, hedging, and pricing risk, as well as compliance with all global financial reporting standards for the company.
Shimpi has more than 25 years of risk-management experience in the financial services industry.Most recently, he served as global practice leader for enterprise risk management. In this role, he oversaw all aspects of the Towers Watson ERM consulting practice, as well as providing finance, risk-management, and investment management expertise to corporate clients. He also served as president and CEO of Towers Watson Capital Markets.
