Bank of America Names Greg Curl to Replace Amy Woods Brinkley as Chief Risk Officer
In the wake of reports that stress test results show it is facing the greatest potential bank losses, Bank of America has named a new chief risk officer. Greg Curl has been named the new chief risk officer at Bank of America, replacing Amy Woods Brinkley.
Prior to his appointment as chief risk officer, Greg Curl was a global corporate strategic development and planning executive. Amy Woods Brinkley, who had been one of the highest ranking women on Wall Street, will retire, with the change effective June 30th.
Greg Curl oversaw Bank of America’s controversial purchases of Merrill Lynch and Countrywide. Not everyone is on board with the move, according to an article by David Mildenberg at Bloomberg that detailed that appointment of Greg Curl to the chief risk officer position at BofA:
“It’s absolutely wrong to bring an M&A guy over the wall into a risk manager position because it takes a totally different skill set,” said Christopher Whalen, managing director of Institutional Risk Analytics, a Torrance, California-based research firm. “It’s more bizarre behavior out of Bank of America.”
According to a spokesman for Bank of America, Greg Curl is being tasked with changing BofA’s credit-writing process to reflect the realities of the current banking environment and Bank of America’s current status. Curl will also retain his current duties, which should not take up too much of his time as Bank of America moves away from acquisitions and looks to steady its core business.
Related Resources:
- Greg Curl Named Chief Risk Officer at Bank of America, Replacing Brinkley — (NY Times)
- BofA Names Greg Curl Chief Risk Officer — (Wall Street Journal)
- Bank of America Names Greg Curl Chief Risk Officer — (MarketWatch)
- BofA’s Amy Woods Brinkley to Exit — (Charlotte Business Journal)
- Greg Curl Professional Profile and Compensation — (Forbes.com)
- Amy Woods Brinkley Professional Profile and Compensation — (Forbes.com)
- Amy Woods Brinkley bio — (Wikipedia)
Tags: bank of america, chief risk officer, risk management
