In an age of heightened concern over cybersecurity and privacy, companies have never faced a more complex set of challenges around risk, compliance and information management. The companies that succeed in understanding and responding to these challenges will be those that constantly take a forward-looking approach and strive to set new standards, as we at Bloomberg are working to do for ourselves and our industry.

With this in mind, today we’re announcing that Paul Wood will join Bloomberg as our first-ever Chief Risk & Compliance Officer. Reporting directly to me, Paul will oversee all risk, corporate compliance, client data security and security globally. Paul will be responsible for thinking proactively about how we can protect our clients and company from future risks by enhancing both our internal procedures and the tools we offer clients.

Paul is the ideal person to take on this challenge. He has an extensive career in financial information and technology security, as well as physical security in private industry and the military. He most recently served as Chief Information Security Officer for the global investment management firm Bridgewater Associates, where he developed the information security and technology risk function, managed technology security risks and was responsible for the protection of intellectual property. Previously, he was Group Chief Security Officer at Aviva, a multinational insurance company, where he oversaw the global development and delivery of all aspects of information and physical security. He also served at UBS Investment Bank, where he was chief security officer for all areas of the Bank.

Bringing the same spirit of innovation to risk, compliance, and information management that we’ve brought to our business for thirty-plus years will continue to benefit our clients and the entire industry. We’re thrilled to have Paul onboard leading this effort.

Contributed by Dan Doctoroff, Chief Executive Officer and President of Bloomberg L.P.