Tag:
Chief Risk Officer
Latest Headlines
Latest Headlines
The man who warned Jon Corzine--and paid with his job
The more compelling testimony in the Congressional hearing that featured two chief risk officers of the disgraced MF Global came from Michael Roseman, who appears to have been ousted by Jon Corzine and his cronies because of his concerns about the firm’s exposure to European sovereign debt.
Ro
Before rogue incident, UBS focused on risk management
In the wake of the Kweku Adoboli rogue trading incident, people are understandably excoriating "lax" compliance and risk management processes at UBS. But it would be unfair to some degree to state that the bank was wholly naïve to the threat of rogue activity.
Like other ban
As chief risk officers' stature rises, conflicts with CFOs loom
We discussed recently the idea that David Viniar, the CFO of Goldman Sachs, is perhaps so valuable to the bank that he couldn't be replaced by a single person. Given his broad oversight of risk management, financial controls, technology and financial relationships with investors and analyst and mo
Profile: Citi's chief risk officer
At many banks, the chief risk officer is an increasingly strategic executive position. Too much risk could expose the entire firm to financial harm, as the most recent crisis has made clear. Too
A golden era for risk managers on Wall Street?
We noted recently that some people think risk managers have been undervalued by Wall Street firms, perhaps even overlooked in the reform effort . But is that starting to change? It sure seems that
Executive shuffling at Bank of America
CEO Brian Moynihan continues to put his stamp on Bank of America ( BAC ). He just tapped Alastair Borthwick and Lisa Carnoy as co-heads of its global capital markets division. Both will report to Tom Montag, president of global banking and markets. The two replace Bruce Thompson, who was tapped
Internal Bank of America CEO candidate dealt a blow
When Brian Moynihan faced skeptical congressmen in a hearing recently, some thought his chances at becoming the next CEO of Bank of America ( BAC ) were diminished greatly . That seemed to play to the advantage of the other internal candidate, chief risk officer Greg Curl, who led the Merrill
Moynihan still in running at Bank of America?
We noted elsewhere that Bank of America chief risk officer Greg Curl may have eased into the internal pole position in the CEO sweepstakes. The other internal candidate, Brian Moynihan, may have been dealt a serious blow by a House panel that reportedly piled loads of criticism on the him.
Moy
Update: Bank of America's CEO search
The Bank of America ( BAC ) board is under a lot pressure to find a new CEO. It basically has until Jan. 1--that's when departing CEO Ken Lewis will step down. There could be an interim CEO announcement, but for now the board seems to be moving toward a permanent pick.
The board may have bee
Who is Gregory Curl?
Until the media started throwing Gregory Curl's name around as a possible successor to Bank of America ( BAC ) CEO Ken Lewis, he was hardly a brand name on Wall Street. He currently serves as chief risk officer, a position that has been elevated by the credit crisis. But his main claim to fame h
