Prakash Shimpi

Chief Risk Officer
ING U.S.

Prakash Shimpi is chief risk officer for ING U.S. He is responsible for overseeing the enterprise-wide risk monitoring and management program for ING U.S. His responsibilities include managing the framework for measuring, controlling, hedging, and price risk, as well as compliance with all global financial reporting standards for the company.

Shimpi has more than 25 years of risk management experience in the financial services industry. In his most recent role with Towers Watson, he was the managing principal and global leader for the firm’s Enterprise Risk Management (ERM) practice. In this role, he was responsible for all aspects of the Towers Watson ERM consulting practice, as well as providing finance, risk management and investment management expertise to corporate clients.

Prior to his role with Towers Watson, Shimpi was president of Fraime LLC, where he provided counsel to senior executives on implementing ERM in their organizations. He also held executive leadership roles with Swiss Re Group, The Chase Manhattan Bank, and Drexel Burnham Lambert. He also helped develop programs to bridge theory and practice of ERM through fellowships with several leading universities in the U.S. and abroad.

Shimpi earned a first-class honors B.Sc. degree in Economics and Statistics and a distinction in the M.Sc. in Operational Research from the London School of Economics and Political Science, and an MBA in Finance & International Business from the University of Chicago. He is a Fellow and Chartered Enterprise Risk Analyst of the Society of Actuaries and a CFA charterholder.