NEW YORK — Bloomberg L.P. today announced that it has named Paul Wood as its Chief Risk and Compliance Officer. He will oversee all risk, corporate compliance, client data security, and security globally and report to Daniel L. Doctoroff, Bloomberg L.P.’s Chief Executive Officer and President.
This newly created role centralizes existing functions responsible for identifying and managing risk and compliance across all Bloomberg businesses and regions. As the new Chief Risk and Compliance Officer, Mr. Wood will work closely with senior executives and the Board to identify, propose and implement enhancements to the management and monitoring of risk, compliance and information and physical security. Mr. Wood also will work closely with other company stakeholders and external parties, as appropriate, to manage and resolve risk, compliance and information-related issues.
“Companies have never faced a more complex set of challenges around risk, compliance and information management, requiring new approaches to successfully address them,” Mr. Doctoroff said. “The appointment of a chief risk and compliance officer is a key step in our drive to set new industry standards in effectively managing and monitoring risk, compliance and information. Paul brings deep experience in information security and risk, particularly in the financial sector, which will be a great asset for Bloomberg and our clients. Paul will help us continue to bring the same spirit of innovation to this area that we have used to build our products and services.”
Mr. Wood 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 of Bridgewater Associates, a global investment management firm, 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.
“Bloomberg has made a clear commitment to having truly differentiated risk, compliance and security functions,” said Mr. Wood. “I look forward to helping Bloomberg set a new standard and a higher bar for the entire industry.”
About Bloomberg L.P.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 318,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
Through Bloomberg Law, Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and three magazines, Bloomberg Businessweek, Bloomberg Markets and Bloomberg Pursuits, covers the world with more than 2,400 news and multimedia professionals at more than 150 bureaus in 73 countries. Headquartered in New York, Bloomberg employs more than 15,500 people in 192 locations around the world. For more information visit www.Bloomberg.com/now/
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