Aflac Incorporated has appointed Lori Evangel to the newly-created position of managing director and chief risk officer in the global investment division.
Evangel, who joins Aflac, is based in the Aflac Global Investments office in New York and reports to Executive vice president; Global Chief Investment Officer Eric Kirsch, and will be a member of his global executive management team.
In her new position, she is responsible for leading Aflac Global Investments' risk management function, encompassing both assets and liabilities for Aflac's global investment portfolio. In this role, Evangel will build out risk management function to meet the dual goals of risk mitigation and prudent risk-taking through market cycles.
In addition, she will work with global investment teams to identify and assess investment risks while developing strategies to address those risks.
Evangel brings approximately 25 years of experience in the financial services sector to Aflac, with much of her focus on financial risk management. She recently served as senior vice president and enterprise risk officer at MetLife where she was responsible for developing and leading the global Enterprise Risk Management unit.
Prior to that, Evangel held responsible positions at MBIA Insurance Corporation, including managing director; head of the Portfolio Management and Market Risk Group and managing director of MBIA's Financial Solutions Group.
Executive vice president and Global Chief Investment Officer Eric Kirsch commented, "We are extremely pleased Lori has joined Aflac's Global Investment Division. I believe her extensive and impressive background demonstrates Lori has the expertise to grow and enhance our investment risk management function to world-class standards."