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Chief Risk Officer Appointed at Wachovia

Jaclyn Jaeger | September 22, 2008

$56.6 billion Wachovia Corp. has named Kenneth Phelan as chief risk officer, effective in October. With more than 20 years of experience in the financial-services industry, Phelan most recently served as head of risk management services at J.P. Morgan Chase & Co.

In his new role, Phelan will have responsibility for credit risk management, market risk management and operational risk management.

As previously reported by Compliance Week, Don Truslow will retire after eight years from the post.

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