Movers and shakers in risk management - January 16, 2018

Capital One CRO moves on up
Capital One Financial announced the promotion of Kevin Borgmann from chief risk officer to senior advisor to the chairman and CEO and the executive team, effective February 1. The company has named John Finneran CRO in the interim until a permanent risk officer is appointed following a six-month transition period.

Vermeg to takeover Lombard Risk
Lombard Risk saw its share price nearly double after it accepted a cash-for-shares offer from Vermeg, a Dutch software firm. According to Lombard, the London-based company will continue operating under its current management after the takeover.

CROs moving up the ladder:

• US-based EB Employee Solutions appointed Carol Adams to its newly created CRO position of The Difference Card, an employee health savings card product
• Christopher Porzelt will join Brooklyn, New York-based Dime Community Bank as CRO
• Former CRO Geoffrey Scott will become CEO of Insurance Corporation of Barbados Limited (ICBL), effective immediately
• Canadian credit union Coast Capital Savings announced that its current CRO, Bruce Schouten, will be interim president and CEO following the resignation of Don Coulter
• Coverys Managing Agency, Coverys’ newly acquired Llyod’s business, has appointed Georgia Tsiakki, formerly of Argo Global, to be its new CRO