(Re)insurer AXA UK & Ireland has named David Baker as new chief risk officer who will join after the summer. He will replace Evan Waks who is departing to pursue other opportunities.
Baker joins AXA from Direct Line Group, where he served for the past seven years as the director of group compliance: regulatory and conduct risk.
He comes from an economist background and has been instrumental in shaping Direct Line Group’s journey from an insurance division of the RBS Group to a standalone listed FTSE 100 insurance group, having previously also held regulatory focused roles at Prudential, the Financial Ombudsman Service and Phoenix Group.
Baker will also join AXA UK and Ireland’s Management Committee. The continued importance of the insurer’s relationship with the regulator will be a significant focus of Baker’s role, as AXA moves to finalising and implementing its 'Beyond 2020' strategy.
Claudio Gienal, CEO AXA UK & Ireland commented: “I am delighted that David is coming on board, bringing with him an impressive track record through his years of experience in the industry. Having held senior risk and compliance roles across the Life and General Insurance sectors, he will be a great asset to the Management Committee and to AXA UK. I would also like to take this opportunity to thank Evan for his work and commitment to AXA over the past 17 years and I wish him the very best for the next stage of his career.”