Aviva has announced the appointment of Marcelo Cruz as its group chief risk officer. He will report to Philip Scott, Aviva group finance director, overseeing risk and compliance across the group.

Mr Cruz joins Aviva from Lehman Brothers in New York where he was a senior risk manager responsible for risk analytics. He is the founder and was previously the managing director of the boutique consulting group RiskMaths.

Mr Scott said: We’re delighted that Marcelo is joining the Aviva team. He’s a leading voice on international risk management issues and will play an integral part in our governance and compliance process.