HAMILTON, Bermuda--(BUSINESS WIRE)--As Global Atlantic Financial Group Limited (Global Atlantic) experiences continued growth, the company has appointed Peter Cai, Ph.D., as Chief Risk Officer (CRO). This senior level appointment enhances risk management functions throughout the enterprise. Dr. Cai will report directly to Chief Financial Officer Kim Lee.
“Bringing Peter on board further emphasizes our dedication, at the highest level, to sound risk management,” said Kim Lee, Chief Financial Officer of Global Atlantic. “Peter’s experience and knowledge will be instrumental in helping drive Global Atlantic’s strategic objectives.”
Dr. Cai has more than 15 years of experience in the financial services industry. Most recently he was Managing Director for Morgan Stanley, where he led a global team responsible for measuring, stress testing and reporting risk across all business segments. Dr. Cai also worked as a Fixed Income Risk Strategist for Lehman Brothers and was head of consulting for Askari. He is also an adjunct faculty member at Carnegie Mellon University.
Dr. Cai has a doctorate in Materials Science from Pennsylvania State University and obtained his bachelor’s degree in Applied Mechanics from Fudan University in China.
About Global Atlantic Financial Group Limited
Global Atlantic Financial Group Limited is a financial services company focused on the annuity, life insurance and reinsurance markets. Through its family of brands — including Forethought, Accordia Life and Commonwealth Re — Global Atlantic offers a broad range of retirement and protection products, as well as reinsurance solutions. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. The company today has nine offices and $40 billion in assets.