CLS names first chief risk officer

Naresh Nagia joins from Genworth to head settlement provider's risk management

Naresh Nagia, previously chief risk officer for investments at Genworth Financial, has joined CLS Group in London as chief risk officer, a newly created position. He will report to the chief executive, Alan Bozian. He will take over the risk management function from the current executive vice-president in charge of risk management, Carol Simon, who joined in April last year. Simon will leave after the handover to Nagia is complete - no date has yet been set.