Prakash Shimpi

Vichara is led by an exceptional team of financial technology professionals with decades of experience developing strategic and mission-critical systems for many of the world's leading financial institutions.

Prakash Shimpi, Senior Advisor

Prakash Shimpi is Senior Advisor to Vichara advising management on strategy, finance and growth initiatives. He has built a distinguished career over 30 years of investment, insurance and banking experience. He is President of Fraime LLC through which he provides advice on acquisitions and business development. Since his appointment in 2012 by the US Department of the Treasury, he continues to serve on the Financial Research Advisory Committee to advise the OFR on risk exposures to the US financial services sector. Prakash’s previous executive roles include: CRO of ING USA, Managing Principal of Towers Perrin, Founder and CEO of Towers Perrin Capital Markets, Founder and CEO of Swiss Re Financial Products, Managing Director in Corporate Finance at Chase, and Manager of the Insurance Portfolio Strategies Group at Drexel Burnham Lambert.

Prakash is principal author and editor of Integrating Corporate Risk Management (1999, 2001), a practitioner’s book on the convergence of insurance and capital markets. He has held Visiting Fellowships at Wharton, LSE and Peking University. In 2005 he received the President’s Award from the Society of Actuaries for his contributions to advancing the profession. He earned a First-Class Honors BSc in Economics and an MSc with Distinction in Operations Research from the London School of Economics and an MBA from the University of Chicago. He is a Fellow and Chartered Enterprise Risk Analyst of the Society of Actuaries and a CFA charter holder. He is also a member of the American Academy of Actuaries.

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