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Market Trends

  • Several asset managers and non-FS firms are investing in talent able to strengthen their control environment and implement a more robust three lines of defence model, akin to those that have been adopted by the banks.
  • Challenger banks and more established fin-tech platforms are targeting senior risk professionals from banks with ERM experience who can help develop frameworks to identify and manage risk in different lines of business more holistically.
  • Non-financial risk talent remains the key demand area in financial services firms as concerns around culture and a myriad of risks spanning operational, legal, conduct, regulatory, model and IT risks remain paramount.
  • The evolving technology and data analytics landscape continues to pose major challenges around data governance. In insurance and retail banking sectors in particular, data and ‘digital risk’ talent is in high demand.

People Moves

Global Banking Groups

  • Kevin Corbally has been appointed by ANZ as Group General Manager, Internal Audit. He replaces Michael Liarakos, who became the Group’s Chief Compliance Officer in June.
  • Diony Lebot is appointed group CRO at Société Générale. She was promoted from Deputy CRO having previously been CEO for the Americas.
  • Kevin Oden, Chief Market Risk Officer at Wells Fargo, has been appointed Global Head of Compliance and Operational Risk.
  • Claudia Russ Anderson, CRO for the Community Banking division at Wells Fargo, has taken six-month unpaid leave from the company. She has been replaced internally by Vic Albrecht, formerly Chief Credit Officer for Wealth and Retirement.
  • David Thwaites has moved internally within Barclays, from Head of Fraud into the Chief Controls Office.
  • Thomas Herrmann, has been appointed CRO for Credit Suisse’s Wealth Management division. He was formerly Chief Credit Officer EMEA and is relocating to Zurich to take on the role.
  • Elisabeth Sandler, who left her role as COO for risk at Deutsche Bank to re-locate back to New York, has joined the Blackstone Group. Betsy Konvalinka has replaced Sandler at Deutsche Bank.
  • Mike Quinn, former Senior Consultant at GE Capital joins BNP Paribas Leasing Solutions as Head of Risk.
  • Balbir Bakhshi joins Deutsche Bank as Group Head of Non-financial Risk. He joins from Credit Suisse where he held the role of Group Head of Operational Risk Management. He will join the bank in January 2017.
  • Reinout van Riel, former Chief Portfolio Officer at Propertize has been appointed CRO at NIBC. He replaces Petra van Hoeken who is leaving to join Rabobank as CRO.
  • Ivan Pooran, former Head of Operational Risk for GE Capital Americas has joined Santander Bank USA as the Chief Operational Risk Officer.
  • Christian Hunt, Group Head of Compliance and Operational Risk for UBS Asset Management takes on the role of EMEA Head of Compliance and Operational Risk Control in addition to his current responsibilities. Christian stepped into the role in July.
  • Sophie Dupre, formerly of Barings, Schroders and Citi, joins UBS as Head of Compliance and Operational Risk Control.

Wealth and Asset Management 

  • Audrey McNair leaves Aberdeen Asset Management and her role as Global Head of Business Risk, stepping into several non-executive director roles.
  • Philippe d’Orgeval, CRO at AXA Investment Managers, is appointed Head of AXA IM UK,
  • Elise Golden has joined First State Investments as Senior Manager, EMEA Risk and Compliance. Elsie joins from Blackrock, where she held the role of Head of Business Model for iShares EMEA.
  • Emma Vernon has moved internally at Kleinwort Benson. She was previously Head of Strategic Risk Projects, and has now been appointed Head of Financial Risk.
  • Barry Schachter, former Moore Capital CRO, joined Light Sky Macro as CRO, having also formerly held similar roles with Caxton Associates, Balyasny and SAC.
  • Nas Islam joins M&G Investments as Head of Investment Risk, from Henderson Global Investors where he was Head of Investment Oversight.
  • Ian Wright, former Senior Vice President at SunLife has been appointed as CRO at Old Mutual Wealth.


Retail Financial Services and Insurance 

  • Amir Firdaus has left Sainsbury’s Bank where he was Head of Liquidity and Market Risk, and has joined Al Rayan Bank as Treasurer.
  • Keith Jackson has joined Aon as CRO.
  • Annie Tay has been appointed as AXA’s APAC CRO. She reports directly to Jean-Louis Laurent Josi, regional CEO of AXA Asia and AXA Group’s CRO Alban De Nesle Mailly. Annie joins from Cubic Risk Solutions where she was the CEO and Founder of the Risk and Actuarial Management Consulting Firm.
  • Cathy Hampson joins Celaris as MD; Head of the risk practice, from AIG where she held the role of Director, Governance, Data, Reporting and Analytics.
  • David Kindred has joined start-up bank Civilised as Interim CRO, leaving Tesco Bank where he was Interim Financial Risk Director.
  • Scott Munro has moved internally within CYBG, from Strategy Execution Director to a new role as Head of Operational Risk.
  • Julia Cattanach has joined Experian as CRO and Deputy Global GC, moving from Tesco Bank where she was Compliance, Conduct and Regulatory Director.
  • Klaas Van Wyk De Vries has become a Senior Director / Senior Partner at Fair Isaac Advisors. Previously he was at Tesco Bank as Risk Director.
  • Ryan A. Zanin, formerly CRO of GE Capital and currently CEO of the Restructuring, Strategic Ventures and Insurance Group, has been elected to join the Fannie Mae Board of Directors.
  • Paul Blackmore has become Head of Operations Assurance at Harrods Bank, joining from Metro Bank where he was Head of Operational Risk.
  • Kevin Moffitt, former CRO at First Midwest Bancorp, joins MB Financial Bank as CRO.
  • Julia Dunn is the new CRO at Nationwide, having left her previous role as Chief Compliance Officer at the company.
  • Matthew Kent has moved within Nationwide, from his previous role as Head of Group Lending Risk, to his current role as Head of Prudential Risk Oversight – Lending.
  • Olly Reeves, former Head of Risk Management at Lloyds of London will join Neon as CRO.
  • Susana Morato Grice, formerly of AMEX, joins PayPal as Head of UK Risk Management.
  • Munib Ali has left Santander UK, where he was Compliance Director for Wholesale and Corporate Banking, and is now an Advisor at Promontory.
  • Iain Felstead joins Prudential on a permanent basis as Operational Risk Senior Manager, following a one-year secondment from M&G.
  • Laura Izurieta has been hired by Silicon Valley Bank as CRO. Izurieta was previously CRO for Retail and Direct Banking at Capital One. She has more than 20 years’ experience in regulatory compliance and risk management roles.
  • Dr. Usman Chaudry joins Tandem Bank as Head of Credit Risk and Enterprise Wide Risk Management from Standard Chartered.
  • John Hunt has been appointed CRO (Retail) for Together Money. He joins from Nationwide where he was Head of Group Risk Oversight.
  • Brian Hardwick has joined Towergate as CRO, from Chubb.
  • Iain Laing has been appointed CRO at TSB, joining from Nationwide. He will take over the role from Neeta Atkar.
  • Mo Romani, Chief Credit Officer for the corporate banking business at Regions Bank, joins SunTrust as Chief Credit Officer.
  • Spyro Karestsos, Head of ERM at Vanguard has left to join SunTrust in a similar newly created role.
  • Margon Lyons is appointed by Ulster Bank as their CRO, joining from GE Financial Markets.
  • Graeme Gaffney has moved internally at Virgin Money, from Head of Operational Risk to Interim Director for risk assurance and governance.

Central Counterparties  

  • John Fennell has been promoted from EVP for financial risk management (business risk) to CRO for The Options Clearing Corporation (OCC). He replaces John Grace, who has left the company.
  • Dale Michaels, also at The OCC, replaces Fennell as EVP for financial risk management. He joined the OCC in January, after a long career in risk management at the CME Group.

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