Money Management

FM Global brings in former Raytheon CIO to oversee assets

Sanjay Chawla was named senior vice president and CIO at property insurer FM Global.

He replaced Paul LaFleche, who retired, an FM Global news release said. Mr. Chawla will oversee FM Global's $5 billion in total pension assets and its $18 billion in overall general assets. He will report to report to Thomas A. Lawson, chairman and CEO.

FM Global spokesman Steven Zenofsky was not immediately available for comment.

Mr. Chawla had been vice president and CIO at Raytheon Co., where he oversaw $38 billion in combined pension assets. Information on a replacement was not available; Raytheon spokeswoman Donna Ayer could not be reached for comment.