Bank of America ousts chief risk officer
Under pressure to improve its risk oversight, Bank of America replaces its CRO
Although industry commentators have implied Brinkley was forced out, the bank maintains it was their decision. "Ken Lewis and Amy mutually decided we needed a different approach to risk management," Bank of America spokesman Robert Stickler said to Reuters. "We're going into a much different environment, and we need to adjust accordingly," He also stated that the decision was made internally without government involvement.
Brinkley will remain with the company until her retirement later this summer and will voluntarily serve on Bank of America's charitable board. The former CRO is one of the highest ranking women on Wall Street, who rose within the bank from the front lines of corporate lending. She ran the bank's consumer lending and marketing programs before taking over risk management eight years ago.
Most recently, Curl was global corporate strategic development and planning executive, and he will continue to be a member of the management committee in his new role.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on People
People: Isda taps four new directors, O’Callaghan joins CA, Berlinski quits Goldman, and more
Latest job changes across the industry
People: Citi snags Raghavan, SocGen bags Estrada, all change at NYCB, and more
Latest job changes across the industry
Kane to leave Citadel Securities for senior Miax role
Options exchange has been on a four-year acquisition spree
Asia moves: senior hires at Millennium, Citi, SMBC and more
Latest job news from across the industry
Ken Pang set to join Millennium as Asia equities head
Former Credit Suisse markets co-head joins hedge fund’s Hong Kong office
People: Risk shake-up at Santander, JPM juggles markets, and more
Latest job changes across the industry
People: UBS rejigs EQD, risk head departs; Rustad joins buy side, and more
Latest job changes across the industry
Rustad re-emerges at Taula Capital
Former JP Morgan clearing head to help prepare for Q2 fund launch