Admiral lands former Prudential leader as chief risk officer

UK insurer Admiral Group has recruited a former Prudential leader as new group chief risk and compliance officer.

Keith Davies (pictured) will assume the role with effect from September.

He will be responsible for developing, implementing and overseeing Admiral’s risk and compliance functions and frameworks to support its strategic objectives. Davies will report into Milena Mondini de Focatiis, Admiral’s Group CEO.

Davies has extensive experience in risk management and compliance and joins from Federated Hermes where he was chief risk & compliance officer. Before joining Federated Hermes in 2020, Keith was the chief risk and resilience officer for M&G where he was a member of the Executive Committee that prepared M&G for its de-merger from Prudential.

He held a number of other senior roles within the Prudential Group, including the Group-wide head of internal audit, chief risk & compliance officer for M&G Prudential and Prudential UK Insurance Business, and chief risk officer for the group’s treasury and portfolio management businesses.

Prior to joining Prudential, Davies worked in risk management and audit at Standard Chartered, Standard Bank and Deutsche Bank. He also spent two years within the policy team at the Financial Services Authority. He is currently a non-executive director and chair of the Audit and Risk Committees for two Admiral entities Admiral Insurance Company AICL and Admiral Insurance (Gibraltar).

Mondini de Focatiis said: “I am thrilled that Keith will be joining us later this year as he has a wealth of risk management experience and a strong track record for building global risk oversight models. Keith not only understands our strategy, but shares our ambition and values. I believe that he will be an excellent addition to the management team and look forward to working together.”

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