COLUMBUS, Ga., Sept. 2, 2014 /PRNewswire/ -- Aflac
Incorporated (NYSE: AFL) announced today that Chak Raghunathan has
been named managing director and global chief investment risk
officer, reporting to J. Todd
Daniels, global chief risk officer. Raghunathan will be
responsible for identifying and assessing investment risks in an
evolving regulatory environment while developing strategies to
address those risks. He will assume management of the existing
investment risk team and will be based in the Aflac Global
Investments office in New
York.
Prior to joining Aflac, Raghunathan was global head of risk
management and chief risk officer at Apollo Management, where he
was responsible for implementing Apollo's enterprisewide risk
management framework, formulating detailed risk policies and
internal guidelines for funds, and providing optimal risk
management solutions. Prior to his role at Apollo Management,
Raghunathan held positions of increasing responsibility at TD Bank
Financial Group, most recently serving as senior vice president;
global head of trading risk and quantitative analytics. He also
held positions at the Office of the Superintendent of Financial
Institutions Canada in the Capital Markets Division and Caisse de
depot et placement du Quebec in the Tactical Investments Group.
Raghunathan earned his bachelor of science degree in Pure
Mathematics from the University of Madras and his master's degree
in Applied Mathematics at Concordia
University.
Commenting on Raghunathan's appointment, Daniels said, "We
believe Chak's expertise in sound risk management principles and
practices, coupled with his leadership experience and quantitative
background, will be tremendously beneficial as Aflac continually
strives to better our asset liability risk management. I look
forward to Chak's contributions and believe he will be instrumental
to the future success of Aflac's Global Risk Management
function."
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For nearly six decades, Aflac insurance policies have given
policyholders the opportunity to focus on recovery, not financial
stress. In the United States,
Aflac is the leading provider of voluntary insurance at the
worksite. In Japan, Aflac is the
number one life insurance company in terms of individual policies
in force. Aflac individual and group insurance products help
provide protection to more than 50 million people worldwide. For
eight consecutive years, Aflac has been recognized by Ethisphere
magazine as one of the World's Most Ethical Companies. In 2014,
FORTUNE magazine recognized Aflac as one of the 100 Best Companies
to Work For in America for the 16th consecutive year. Also, in
2014, FORTUNE magazine included Aflac on its list of Most Admired
Companies for the 13th time, ranking the company number one in the
life and health insurance category. Aflac Incorporated is a FORTUNE
500 company listed on the New York Stock Exchange under the symbol
AFL. To find out more about Aflac, visit aflac.com or
espanol.aflac.com.
Forward-Looking Information
The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" to encourage companies to provide prospective
information, so long as those informational statements are
identified as forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that could
cause actual results to differ materially from those included in
the forward-looking statements. We desire to take advantage of
these provisions. This document contains cautionary statements
identifying important factors that could cause actual results to
differ materially from those projected herein, and in any other
statements made by company officials in communications with the
financial community and contained in documents filed with the
Securities and Exchange Commission (SEC).
Forward-looking statements are not based on historical
information and relate to future operations, strategies, financial
results or other developments. Furthermore, forward-looking
information is subject to numerous assumptions, risks and
uncertainties. In particular, statements containing words such as
"expect," "anticipate," "believe," "goal," "objective," "may,"
"should," "estimate," "intends," "projects," "will," "assumes,"
"potential," "target" or similar words as well as specific
projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such
forward-looking statements. We caution readers that the following
factors, in addition to other factors mentioned from time to time,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: difficult
conditions in global capital markets and the economy; governmental
actions for the purpose of stabilizing the financial markets;
defaults and credit downgrades of securities in our investment
portfolio; exposure to significant financial and capital markets
risk; fluctuations in foreign currency exchange rates; significant
changes in investment yield rates; credit and other risks
associated with Aflac's investment in perpetual securities;
differing judgments applied to investment valuations; significant
valuation judgments in determination of amount of impairments taken
on our investments; limited availability of acceptable
yen-denominated investments; concentration of our investments in
any particular single-issuer or sector concentration of business in
Japan; decline in creditworthiness
of other financial institutions; deviations in actual experience
from pricing and reserving assumptions; subsidiaries' ability to
pay dividends to Aflac Incorporated; changes in law or regulation
by governmental authorities; ability to attract and retain
qualified sales associates and employees; decreases in our
financial strength or debt ratings; ability to continue to develop
and implement improvements in information technology systems;
interruption in telecommunication, information technology and other
operational systems, or a failure to maintain the security,
confidentiality or privacy of sensitive data residing on such
systems; changes in U.S. and/or Japanese accounting standards;
failure to comply with restrictions on patient privacy and
information security; inability to recognize tax benefits
associated with capital loss carryforwards; level and outcome of
litigation; ability to effectively manage key executive succession;
catastrophic events including, but not necessarily limited to,
epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis,
acts of terrorism and damage incidental to such events; ongoing
changes in our industry; events that damage our reputation; and
failure of internal controls or corporate governance policies and
procedures.
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Analyst and investor contact – Robin Y.
Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330, or
rwilkey@aflac.com
Media contact – Catherine Blades,
706.596.3014; FAX: 706.320.2288 or cblades@aflac.com
SOURCE Aflac Incorporated