OCC merges credit and market risk units

Deputy Comptroller Kathy Dick, who currently oversees the market risk unit, will head the consolidated entity, while Barbara Grunkemeyer, head of credit risk, will retire at the end of February when the merger becomes effective.

Comptroller of the currency John Dugan said that the move is to reflect the changing realities of the banking industry. “This action will bring closer together, under a single deputy Comptroller, two groups whose work is increasingly similar and intertwined and whose

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