Bank of America Merrill Lynch appoints chief risk officer for Emea

Source: Bank of America Merrill Lynch

Bank of America Merrill Lynch today announced the appointment of David Oman as Chief Risk Officer (CRO) for Europe, the Middle East and Africa (EMEA) effective early October. Based in London, Oman will report to Marisa Harney, head of International Risk Strategy Development.

Working alongside EMEA leadership, Oman will be responsible for leading the company's risk strategy in the region. He will also act as the main liaison with the Financial Services Authority and other regional regulators. Oman will sit on the EMEA Executive Committee. Additionally, his will oversee counterparty risk and will report to Bruce Thompson, CRO at Bank of America, in this capacity.

"As we strengthen our international risk strategy, it is critical that we have strong regional leadership," said Thompson. "David's background and wealth of experience broadens the capabilities of our international risk management team and make him a great fit. I am delighted that he is joining our company."

Oman joins Bank of America Merrill Lynch from UBS, where he most recently served as European Chief Risk Officer and global head of Counterparty Credit Risk.

The current EMEA CRO, Price Sloan, will remain in this role until later this year when he will relocate from London to New York to assume the role of International Operational Risk executive.

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