PIC names PwC's Fairhead as chief risk officer
Pension Insurance Corporation (PIC) has appointed Giles Fairhead as its chief risk officer (CRO).
Fairhead, whose appointment has been approved by the Prudential Regulation Authority (PRA), joins from PwC where he was a director working on insurance risk and regulation.
He joined on 9 March, and replaces Christopher Chappell who left the role earlier this year.
Fairhead said: "I am very pleased to be joining PIC as CRO," he said. "With extensive experience of the firm from my previous roles, I know I am joining a focused, innovative and flexible organisation with an enviable track record.
"PIC already has a good risk culture and I look forward to developing the risk management framework further."
The PIC's chief executive officer Tracy Blackwell welcomed Fairhead to the firm.
"We are really delighted that Giles has now officially joined the team," she said. "He has a very strong understanding of the challenges faced by life insurers in managing risk and ensuring that a suitable risk management culture, which is firmly centred on the company's purpose, is embedded across the organisation."
Fairhead had worked with PwC since November 2015. Prior to that, he headed up retail life insurance for the PRA between 2013 and 2015. He was also a manager at the Financial Services Authority - now the Financial Conduct Authority - from 2006 to 2013.
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