Zurich Financial Services Group has announced the appointment of Andreas Grunbichler to the position of CFO of international businesses, effective January 1, 2008.

In this position, Mr Grunbichler will be responsible for all the international businesses (IB) finance and actuarial functions, with all the regional CFOs reporting to him on a functional basis.

In addition, Mr Grunbichler will drive the Zurich way of finance across the IB regions, and work closely with the entire IB leadership team to advance Zurich’s profitable growth efforts. He will report to Patrick O’Sullivan, chief growth officer and Dieter Wemmer, CFO.

Mr Grunbichler joined Zurich in 2004 as head of group risk management policy and has been serving as group chief risk officer since the beginning of 2006. He reengineered the risk function and established an enterprise risk management framework for the group.

Prior to joining Zurich Mr Grunbichler served from 2001 to 2004 as CEO of the Austrian Financial Market Authority, supervising insurance companies, banks and the securities market in Austria, and serving as a member of several pan-European regulatory bodies.