MLC Wealth today announced the appointment of David Clarke as Chief Risk Officer.

Mr Clarke joins MLC from Queensland Investment Corporation (QIC) where he has been Chief Risk Officer for the past seven years. He joined QIC in 2007 following four years with Macquarie Bank’s Financial Services Group. Earlier in his career he worked with Linklaters in London and Tokyo as well as Clayton Utz in Sydney.

MLC Wealth Chief Executive Officer Geoff Lloyd said Mr Clarke will join a newly formed and highly experienced MLC Executive Leadership Team which has created good early momentum in transforming the business while remaining focused on meeting client needs which in many cases have intensified during the coronavirus pandemic.

“While risk management is everyone’s business at MLC, we need strong and experienced leadership to ensure our enterprise risk management framework and culture is robust, fit for purpose, and enables us to meet the expectations held by all stakeholders including clients, regulators and our people.

“This requires modern leadership and contemporary risk management. David has a reputation for developing great teams and industry leading approaches to how risks are managed, encompassing all aspects of operational, strategic, emerging and external risk factors.

“We’re very much looking forward to David’s leadership contribution,” Mr Lloyd said.

Mr Clarke will commence at MLC in early October.