Marsh, the world's leading insurance broker and risk adviser, has appointed Matt Kimber as its Chief Risk Officer in the UK.

Mr Kimber joins Marsh from Lloyds Banking Group where he held a variety of executive operational and risk management positions. Most recently, he was Head of Integration Risk for the group during their merger with HBOS having previously led the global approach to operational risk for six years. His former roles include Director of Operational Risk at Arthur Andersen and co-founder of a consultancy focusing on risk systems and framework advice.

Commenting on the appointment, Martin South, CEO of Marsh UK said: "Companies in the UK are having to look anew at the way they manage risk during these tough economic times. However, just as we urge our clients to adopt best practice in risk management, Marsh will always be looking for opportunities in the way we manage risk. Given Matt's extensive financial services background and track record for innovation, we are confident he will make a strong contribution to Marsh's own risk management strategies."

Mr Kimber said: "Every company needs to be aware of its risk tolerance and decide strategies for mitigating the risks it is not prepared to accept. Risk is Marsh's business: we will follow the same advice we give our clients, which is that when we take risk, we do so consciously.

"We are a driven business with a culture of creativity and innovation and will bring the same ethos to our own risk management."