WASHINGTON, November 6, 2024-The World Bank Group today announced the appointment of Dennis McLaughlin as Chief Risk Officer and Vice President.
"Dennis has the deep financial expertise to support our success, and I am very pleased to have him join us as Chief Risk Officer," said World Bank Group President Ajay Banga. "As we evolve towards a better and more efficient World Bank Group, Dennis will provide independent oversight of our market, credit and operational risks while supporting ongoing strategic initiatives that optimize our resources for the greatest impact."
McLaughlin currently serves as the interim Chief Risk Officer of Fnality Services, a blockchain-based financial services company. He previously served as Group Chief Risk Officer at the London Clearing House, Head of Financial Risk at the London Stock Exchange Group, Chief Executive Officer at the Aon Center for Innovation and Analytics, and has had roles in Merrill Lynch, McKinsey, and Princeton University.
A transformative leader in financial services, McLaughlin introduced and developed an entirely new suite of analytics to lead fintech and financial innovation across organizations, including for example, by developing and implementing an entirely new suite of risk analytics in the insurance industry.
McLaughlin is an Irish and British national with a PhD in mathematics from Brown University, an MBA in finance from the Wharton school, and an MA in Mathematical Science from University College Dublin.
His term begins January 2, 2025.
