Kyle Schmitt has been hired as managing director of the Global Insurance Practice at J.D. Power. He is based in Chicago.
He will report directly to Keith Webster, senior vice president and general manager, Global Financial and Service Industry Division.
Schmitt will lead the growth strategy for the Global Insurance Practice by managing a team of talented practice leaders and working closely with the sales, marketing, analytics and research groups.
Schmitt, who most recently worked as a director leading Business Strategy within key operating units at State Farm Insurance Companies, has spent his career focusing on growth, market strategy and corporate finance solutions. Prior to State Farm, Schmitt was vice president of Investment Banking in the insurance mergers and acquisitions (M&A) division at Barclays in London where he advised global executives and boards on market strategy, deal structuring, risk management and valuation optimization.
J.D. Power is a global provider of consumer insights, advisory services and data and analytics. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
Source: J.D. Power
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