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Faruk Patel Interim Chief Risk Officer & AVP/Managing Director, Global Head of Investment Risk Governance, Global Wealth and Asset Management Division at Manulife


Faruk is a senior investment risk executive with 20 years of financial industry work experience primarily within asset management and focusing on investment risk management and oversight of investment strategies.

Faruk was appointed in early 2018 to the position of Interim Chief Risk Officer of Manulife’s Global Wealth and Asset Management (WAM) division which oversees nearly $500 Billion of assets under management.   In this role, Faruk is responsible to lead the Global WAM Risk team and is responsible for developing ongoing all risk policies, processes and procedures to ensure identification, measurement, monitoring and reporting of risk assumed by Global Wealth Management businesses.  In his role as Managing Director, Global Head of Investment Risk Governance, Faruk oversees the investment risk management frameworks within all of the Global WAM businesses, focusing on investment risk, counterparty credit risk, and liquidity risk.

Previously Faruk worked at the Alberta Investment Management Corporation (AIMCo) in Edmonton as Senior Manager, Investment Risk where he led the Investment risk team on quantitative risk measurement & risk analytics of AIMCo’s total fund, total fund risk analysis and risk governance.   Prior to this, Faruk held roles at National Bank Financial Group in counterparty credit risk management (focusing on pension funds and asset managers), State Street Global Advisors Ltd. (Canada) in risk management and compliance, and CIBC Global Asset Management in oversight of investment strategies (focusing on risk and performance).

Faruk is completing a M.Sc Finance (Major of Quantitative Finance) with the University of London today and has completed a Bachelor of Commerce degree with a major in finance from Concordia University. Faruk has earned the Chartered Financial Analyst (CFA) designation and holds the Financial Risk Manager (FRM) and Professional Risk Manager (PRM) designations.

Faruk has also been an active volunteer leader with the Professional Risk Managers' International Association (PRMIA) elected as Chairman of the Global Board of Directors and also successfully leading the Montreal and Edmonton chapters.