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Admiral Group appoints new group chief risk and compliance officer

Admiral Group appoints new group chief risk and compliance officer | Insurance Business UK

Admiral Group appoints new group chief risk and compliance officer

Admiral Group has named Keith Davies (pictured) as its new group chief risk and compliance officer.

Davies, whose appointment takes effect this September, will be responsible for developing, implementing, and overseeing Admiral’s risk and compliance functions and frameworks “in ways that support the safe delivery of [the company’s] strategic objectives,” a release said. He will report to Admiral Group CEO Milena Mondini de Focatiis.

Prior to joining Admiral, Davies served as chief risk & compliance officer at Federated Hermes Limited. Before joining Federated Hermes in 2020, he was the chief risk and resilience officer for M&G Plc – in this role, he was a member of the company’s executive committee which prepared M&G for its de-merger from Prudential Plc. Davies has also held a number of senior roles at Prudential Group, such as group head of internal audit, chief risk & compliance officer for M&G Prudential and the Prudential UK insurance business, as well as chief risk officer for the group’s treasury and portfolio management businesses. He has risk management and audit experience from his work with Standard Chartered, Standard Bank and Deutsche Bank, and previously spent two years within the policy team of the Financial Services Authority.

Davies is currently a non-executive director and chair of the audit and risk committees for two Admiral entities Admiral Insurance Company Limited AICL and Admiral Insurance (Gibraltar) Limited.

“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,” commented Milena Mondini de Focatiis on Davies’s appointment.

de Focatiis added that Davies “not only understands [Admiral’s] strategy, but shares [the company’s] ambition and values.”

“I believe that he will be an excellent addition to the management team and look forward to working together,” the CEO said.