Bloomberg, a global business and financial information company, has appointed Paul Wood to the newly-created position of chief risk and compliance officer. He will report to Bloomberg President and Chief Executive Officer Daniel Doctoroff.

The establishment of the chief risk and compliance officer role centralizes existing functions that are responsible for identifying and managing risk and compliance across all Bloomberg businesses and regions. It is part of the company's effort "to set new industry standards in effectively managing and monitoring risk, compliance and information," said Doctoroff.  

As chief risk and compliance officer, 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. Wood also will work closely with other company stakeholders and external parties, as appropriate, to manage and resolve risk, compliance and information-related issues.

Wood most recently served as chief information security officer at 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 insurance company Aviva, 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.