New York Fed hires Bear Stearns' ex-CRO

The Federal Reserve Bank of New York has hired Michael Alix, previously chief risk officer at Bear Stearns, as a senior vice-president in the bank supervision group.

Among his duties, Alix will serve as a senior advisor to William Rutledge, executive vice-president in the bank supervision group.

At Bear Stearns, Alix served as chief risk officer from 2006 to 2008 and global head of credit risk management from 1996-2006.

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