NY Fed hires former Bear risk chief
The Federal Reserve Bank of New York has hired the former chief risk officer at The Bear Stearns Cos. Inc., Michael Alix, effective yesterday.
The Federal Reserve Bank of New York has hired the former chief risk officer at The Bear Stearns Cos. Inc., Michael Alix, effective yesterday.
As senior vice president in the bank supervision group, he will serve as a senior adviser to William L. Rutledge, executive vice president of that group.
Mr. Alix was chief risk officer at Bear Stearns from 2006 to 2008, and global head of credit risk management between 1996 and 2006. The New York-based investment bank collapsed in March,
Earlier, Mr. Alix spent eight years at the Merrill Lynch & Co. Inc. of New York.
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