Bank of America Corp (NYSE: BAC)’s Merrill Lynch division announced the appointment of David Oman as the company’s new Chief Risk Officer (CRO) for Europe, the Middle East and Africa (EMEA) beginning in October.
Oman will be based in London and report to Marisa Harney, head of International Risk Strategy Development. He will be responsible for leading the bank’s risk strategy in the region. He will also act as the primary liaison with the U.K.’s Financial Service Authority and other regulators. Onan will sit on the EMEA executive committee and 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.”
Onan previously worked for UBS, where he served as the European Chief Risk Officer and global head of Counterparty Credit Risk.
Current EMEA CRO, Price Sloan, will relocate to New York to assume the role of International Operational Risk executive.
