$11.1 billion Genworth Financial has appointed Michel Perreault as its new chief risk officer. In this role, Perreault will be responsible for enterprise-wide risk management, as well as risk oversight for the Retirement and Protection business unit. He will oversee a global risk organization of more than 150 employees and will report directly to Genworth Chief Executive Officer Michael Fraizer.

Perreault comes to Genworth from ING Group, where since 2007 he served as its senior vice president, chief actuary, and chief insurance risk officer of the company’s U.S. retail annuity business.

In other news, the company also hired Robert Vrolyk as chief actuary. Vrolyk will report to Chief Financial Officer Pat Kelleher and lead company-wide actuarial efforts and corporate financial planning. He joins Genworth from Sun Life Financial U.S., where since 2003 he served as vice president of Sun Life’s Private Client Group. He began his career at Sun Life’s U.S. offices in 1985, serving in a variety of capacities, including financial actuary and vice president and chief actuary.

Both Perreault and Vrolyk will be based in Genworth’s global headquarters in Richmond, Va.