US health insurer Humana has hired Sam Deshpande to the newly created position of senior vice-president and chief risk officer (CRO).
Deshpande joins Humana from Capital One, where he has spent 17 years in a variety of roles, most recently as business CRO for the US and international card business.
He previously served as the business CRO and head of enterprise services for Capital One's financial services division, and also led marketing and analysis for the home loans, auto finance and credit card businesses.
Deshpande will oversee development of the company's chief risk office and will serve as a member of Humana's management team, reporting directly to Humana president and chief executive Bruce Broussard.
Deshpande will "set direction and establish policy in the areas of enterprise risk management and compliance, while building a risk strategy and a culture that manages risk appropriately," the company said.
"The addition of Deshpande will enable the company to establish a consistent definition of risk across the enterprise and drive connections and collaboration throughout the business to ensure timely, proactive discovery and faster mitigation of risks and their causes."
