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For more information please see below for a list of contacts

Permanent and market intelligence enquiries:

London HQ – Sam Burt

EMEA – Chris Rowe

Asia – John Hetherington

Americas – David Carden

 

Interim:

London HQ – Vicky Griffiths

EMEA – Chris Rowe

Asia – John Hetherington

Americas – Simon Mayo

 

Key Moves 

Regulator 

  • Michael Sicsic has joined the FCA as Head of Department for General Insurance and Protection. Michael was previously Group Head of Operational Risk at Aviva. 
  • Barbara Frohn has joined the FCA, as Director of Risk and Compliance Oversight. Frohn joins from Banco Santander USA where she was Managing Director, Public Policy, and more recently was seconded to the Institute of International Finance in Washington.
  • Joshua Rosenberg has been appointed CRO at the Federal Reserve Bank of New York, replacing Sandra Krieger who recently retired. Joshua was previously the Head of Risk Analytics and Head of Enterprise Risk Management. 

Banking 

  • Mark Smith joins Standard Chartered as Group CRO, effective January 2016. Mark is currently the CRO for EMEA, and Global Head of Wholesale Market and Traded Credit Risk at HSBC.
  • There have been a number of appointments at Deutsche Bank:
    • Paul Saltzman has joined as Vice Chairman and Executive Sponsor of the CCAR process. Saltzman was most recently President of The Clearing House Association and EVP and General Counsel of The Clearing House Payments Company. 

    • Peter Yearly has been appointed CRO both for the Corporate Banking & Securities, and Global Transaction Banking businesses. 

    • Bevan Cowie has been appointed Global Head of Market Risk, replacing David Stevens who has moved into a strategic advisory role for the CRO.

  • Similarly Bank of America has been busy across its risk function, with a number of direct reports to Geoff Greener, Group CRO, being appointed:
    • Bob Munsey has been named CRO for Global Markets.

    • Bob Caston has been appointed CRO for Global Banking.

    • Cheryl Boucher, the former CRO Global Banking & Markets, who has moved into the business, was the catalyst for these internal appointments.

  • Mary Riley has also been appointed Enterprise Operational Risk Executive.

 Regional CROs 

  • David Oman joined Credit Suisse as US CRO, replacing Stephen McMorran.  David joined from Bank of America where he was CRO for the Global Wealth & Investment Management Business.
  • Donna Dellosso has joined MUFG as CRO for the Americas, reporting to President and CEO for MUFG Union Bank, Stephen Cummings, and to Kanetsugu Mike, Regional Executive for the Americas. Delosso joins from JPMorgan, where she was CRO for JPMorgan Chase Bank, N.A., and CRO for the Global Asset & Wealth Management business.
  • Rich Ferguson has been appointed US CRO for BNP Paribas, and joins from Deutsche Bank where he held a similar role.
  • Rhydian Cox has been appointed CRO for HSBC USA. He has moved internally, having previously been the Head of Regulatory Remediation.
  • Michael Schulz joins Jefferies as International CRO, reporting to Paul Frean, Global CRO, from Societe Generale. At Societe Generale Michael was CRO UK.
  • Kanwardeep Ahluwalia has joined Bank of America as Deputy EMEA CRO, under Jan Przewozniak. Kanwardeep joins from Swiss Re where he was previously EMEA Head of Financial Risk Management and the EMEA CRO for the Reinsurance business.

 Asset & Wealth Management 

  • Chip Rossi has been appointed CRO for Global Wealth & Investment Management at Bank of America, replacing David Oman who has left the bank.  
  • Susanna Wooders has been appointed Head of UK Risk at Fidelity Investments and joins from RBS where she held the role of Head of Operational Risk, Commercial & Private Banking UK.
  • Philip Best has joined Barclays Wealth as CRO, reporting to Carsten Egeriis, CRO for Personal & Corporate Banking. Best was previously CRO for Columbia Threadneedle.

 Interim 

  • Many banks are hiring specialist interim resource to assist with FRTB and to help navigate the related changes required around modelling and risk management.
  • IFRS 9 is also receiving focus and additional interim resource. The implementation of IFRS 9 is expected to be complex, even more so for those institutions with international operations, as there remains a divergence with the US rules.
  • A further area of focus for banks is BCBS 239 – this has increased the demand for interim expertise particularly within Risk and Risk IT.
  • Many financial institutions are increasing their attention on both operational risk and conduct risk, often with specialist interim resource in the first instance to help build and enhance operational risk and control frameworks and to strengthen the link with risk appetite.