Axcelus Financial has appointed Kimberly Gibson and Henry Komansky to executive roles in the organisation.

Ms Gibson becomes senior market development manager and consultant for the company’s Bermuda operations and Mr Komansky becomes group compliance officer for the US-based parent company of Axcelus and chief risk officer for the firm’s Bermuda operations.

The company said Ms Gibson is responsible for the go-to-market planning and distributor relationship management for Axcelus’s Bermuda offerings of private placement life insurance, individual variable annuities and institutional group variable annuities.

She has more than 25 years of diversified financial services, investment company and wealth management experience as chief operating officer at First Bermuda Securities Ltd and chief operating officer of Clarien Investments Ltd, a unit of Clarien Bank Ltd.

Ms Gibson began her investments career with Merrill Lynch in Canada and later served in various roles with registered broker dealer WP Securities Ltd.

The company said Mr Komansky has responsibility for compliance, legal, risk management and reporting for Axcelus’s three Bermudian-based Class C insurance companies: Axcelus Financial Life Ltd, Axcelus Financial Global Insurance Ltd and Axcelus Financial Life Insurance Company (Bermuda) Ltd.

Previously, Mr Komansky was responsible for internal legal counsel, litigation, regulatory, risk and compliance oversight at several firms, including serving as a consultant with Oyster Consulting (Bermuda) Ltd, chief compliance officer with Clarien Bank Ltd, director of compliance at Sun Life Financial (Bermuda) and head of analysis for Bermuda’s Financial Intelligence Agency.

Mr Komansky holds a law degree from Rutgers Law School in New Jersey and a master’s degree from the Vermont Law and Graduate School.

Keith Stock, the chief executive of Axcelus in Bermuda, said: “The Axcelus group of companies is delighted to have Henry on board leading its mission-critical compliance functions.

“He is among the most highly experienced senior risk officers any company could ever have, and we are proud to have him on the team.”