The Hartford Financial Services Group announced Thursday, July 22, the selection of George Eknaian as chief actuary for the firm’s Wealth Management businesses.

Eknaian, most recently head of Enterprise Risk Management for The Hartford’s global variable annuity business, will lead the risk and asset-liability management functions and drive the development of actuarial capabilities in support of the Wealth Management businesses, according to a news release.

He will report to Wealth Management President Dave Levenson and The Hartford Chief Financial Officer Chris Swift. The Hartford, based in Simsbury, Connecticut, had $3.8 billion of assets under management as of December 31, 2009. The firm plans to announce second-quarter 2010 earnings on August 5.

“I am excited to have someone with George’s expertise and experience in this very important position,” said Levenson in the release. “George understands risk management extremely well and will be a great resource to our business leaders as we look for opportunities to prudently grow Wealth Management in the coming years.”

Eknaian, who holds a bachelor’s degree in mathematics and economics from Wesleyan University, first joined The Hartford in 1997 and spent two years directing the pricing and product development for the firm’s institutional business. He then joined Citigroup-Travelers Life and Annuity and held a number of roles, including chief corporate actuary.

Eknaian returned to The Hartford in 2006 as director of structured settlement product management and, in 2008, became head of Enterprise Risk Management for the firm’s global variable annuity business.

This year, The Hartford (HIG) marked its 200th anniversary. A Fortune 500 corporation, The Hartford is an insurance-based financial services company that serves households, businesses, and employees.

Read The Hartford Has Big Plans for Wealth Management and RIAs from the archives of InvestmentAdvisor.com.