Allstate, a publicly held personal lines insurer, has appointed Peruvemba Satish as managing director and chief risk officer (CRO) of investments. He will be reporting to Judy Greffin, senior vice president and chief investment officer, who oversees the company's $99.8bn portfolio.

Most recently, Mr Satish served as chief risk officer for Jamison Capital Partners, New York. He was CRO and a member of investment committee at DKR Capital Partners, he also served as director of risk management at Soros Fund Management.

Previously, Mr Satish held quantitative research, risk management and investment management positions at State Street Bank and Trust, Barclays Capital and other firms.

Judy Greffin, senior vice president and CIO, said: “Satish brings a wealth of expertise with proven results in risk, investments and finance. He has extensive experience in quantitative analytics and risk management and has served in senior-level positions throughout the finance and investment industry. Satish is an excellent addition to our team and we look forward to leveraging his expertise to deliver outstanding results.”

Peruvemba Satish, managing director and CRO of Allstate, said: “I am excited to join Allstate. This is a great team and I look forward to helping Allstate optimize risks across the portfolios and helping the company drive shareholder value.”