Massachusetts Mutual Life Insurance Company has appointed industry veteran Geoffrey J. Craddock as its chief risk officer. Craddock will report directly to Roger W. Crandall, chairman, president and CEO of MassMutual.
Craddock replaces Elizabeth A. Ward, who has been named MassMutual’s chief financial officer. As chief risk officer, Craddock will be responsible for managing global and operational risk for the company and its subsidiaries.
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“This is an executive leadership role that continues to grow in importance, given our unwavering commitment to protecting the company and policyowners by identifying and managing the increasing risks all major companies face in today’s rapidly evolving world,” Crandall said. “In addition to his track record as a highly regarded professional with 20 years of risk management experience, Geoff has a total of 30 years as a financial markets professional – making him an ideally suited leader to drive a holistic risk-management approach across our organization.”
Craddock began his career in the 1980s, holding a variety of trading and brokerage positions at investment banks in Europe. In 2008, he joined OppenheimerFunds as director of risk management and was made the company’s chief risk officer in 2010.
Craddock holds an MBA from Cranfield School of Management. He is a member of the Investment Company Institute, the Global Association of Risk Professionals Risk Managers’ Forum, and the Risk Management Association.
