A recent cluster of hiring in senior risk-management executives points to the growing focus on the function at major financial-services firms. Demand is heating up as risk processes, controls and governance are increasingly seen as a strategic imperative and more firms grow reluctant to fall back on the guidance of rating agencies and regulators, recruiters report.
Here's a look at some recent high-profile hires in the field:
-- The Federal Housing Administration hired Bob Ryan, a 25-year veteran of Freddie Mac, as the FHA's first senior risk officer. Ryan had most recently been vice president of portfolio management and pricing in Freddie's single-family credit guarantee division.
-- UBP Asset Management, Union Bancaire Privee's fund-of-funds management arm, hired Daniel Kelly, 43, as chief risk officer of alternative investment, a newly created position. He had been CRO of the Harvard University endowment. The Geneva-based bank's funds-of-funds and client portfolios had about $700 million invested with Ponzi schemer Bernie Madoff.
-- The Hartford Financial Services Group named Lizabeth Zlatkus as the new chief risk officer of the company. She is currently chief financial officer at the firm and will start her new job when a replacement CFO is hired.
-- Lincoln Financial Group hired Anant Bhalla as corporate treasurer and head of risk management. He had been corporate treasury and enterprise risk management for Ameriprise Financial.
-- TD Ameritrade scooped up David Kimm as chief risk officer. Kimm, 30-year industry veteran, was most recently Wells Fargo Advisors' chief risk officer.
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