ING U.S. announced that Prakash Shimpi has been hired as chief risk officer for ING U.S. Shimpi joins ING from Towers Watson, where he was the global practice leader for enterprise risk management (ERM), as well as president and CEO of Towers Watson Capital Markets.

In his new role, Shimpi will oversee the enterprisewide 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.

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