Changing Hats



Following the recent departure of Dan Mudge, who had been group managing director, operational risk and content solutions at Algorithmics, Penny Cagan, managing director of operational risk content, will now also head the firm's credit risk research business. Mudge's operational risk software responsibilities have been passed onto John Winter, a senior vice-president. Algorithmics said the consolidation of its credit and operational risk departments marks an opportunity for the two

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