CoreLogic hires head of financial services, steps up focus on climate risks

  • By AB+F Editorial

CoreLogic has hired a former Genworth executive as head of financial services.

Eugene Vassiliev spent 19 years at Genworth, Australia’s largest mortgage insurer, working in a variety of roles across operations, product development and risk management.

Most recently, he was responsible for the business’s digital underwriting capabilities, valuation strategy and quality assurance.

In his new role, Vassilieve will oversee all aspects of CoreLogic’s financial services solutions development with the goal of further growing its footprint in Australia and New Zealand by supporting clients to address their day-to-day challenges.

“Lenders are operating in a challenging environment at the moment. The increase in hardship assistance and loss mitigation activities is putting upward pressure on expenses and loss provisions,” Vassiliev said

“Regulatory focus on data quality and security, risk management and climate change readiness has also been heightened.

“At the same time, there is an ongoing expectation of lenders to maintain and grow profitable lending portfolios.”

He said he will work with CoreLogic’s clients to help them explore future growth opportunities while keeping the “regulators happy.”

Vassiliev’s appointment follows the promotion of Milena Malev to the position of general manager of finance services and insurance Australasia, where she will expand her focus across financial services, insurance, consultancy and risk management solutions.

As the pandemic and system resilience to disasters puts more pressure and interest on climate risk and how banks and insurers respond to it, Maleve will be key in managing the CoreLogic climate risk proposition and hazard risk management solutions.