IAG has started an international search for a chief risk officer after announcing Clayton Whipp will retire by next April.

Mr Whipp was group general manager corporate finance and acting chief strategy officer before he was appointed CRO in March 2015.

“Clayton has played a key role at IAG, with initial accountability for our corporate finance function and then the important task of managing risk across IAG and its brands in New Zealand, Australia and Asia,” IAG CEO Peter Harmer said.

Before joining IAG, Mr Whipp held roles at BHP Billiton and KPMG.