Bank of America Merrill Lynch Appoints EMEA Chief Risk Officer

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation



LONDON--(BUSINESS WIRE)--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.

“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.”

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.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company's corporate and investment banking, and sales and trading businesses operate under the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses on middle-market and large corporations, institutional investors, financial institutions and government entities. It provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, research, and liquidity and payments management. Bank of America Merrill Lynch serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and nearly 96 percent of the Fortune Global 500.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

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Contacts

Reporters May Contact:

Vicky Garrod, Bank of America Merrill Lynch, +44 (0)20 7995 4437

victoria.garrod@baml.com