Allianz Life Insurance Company of North America has hired Douglas DeGrote as CISO, reporting to to CIO Jeff Palm.
In his new role, DeGrote oversees the design of IT controls, risk and the overall security management strategy. And he is accountable for information security across Allianz Life and partners with the company’s compliance area to oversee processes.
“Douglas brings more than 25 years of experience in risk and security management to Allianz Life and is a great asset to our team,” said Palm. “He will help us continue to successfully manage IT risk and protect information, creating a more secure future for our business and our customers.”
Prior to joining Allianz Life, DeGrote was the CISO for Xcel Energy in Minneapolis for more than four years where he led the strategy and operations of the cyber security, disaster recovery and business process continuity programs. Prior to that, DeGrote was the CISO with MoneyGram International in Minneapolis.
DeGrote holds a degree in computer programming and operations from Alexandria Technical College in Alexandria, Minn.