Navigant Consulting Inc. has hired James Schacht to be managing director of its financial services practice.[@@]

Schacht, a former director of the Illinois Insurance Department, has been working as an insurance regulatory consultant in the Chicago office of PricewaterhouseCoopers L.L.P., according to Navigant, Chicago.

While at the Illinois department, Schacht served as a chief examiner and as a special deputy receiver, Navigant says.