Australian bank Westpac announced Thursday it will combine the leadership of its risk and compliance divisions into one position under a seasoned compliance executive from Fannie Mae.

The bank appointed Ryan Zanin as chief risk officer, effective immediately. Zanin had most recently been the executive vice president, chief risk officer and a member of the board of directors at Fannie Mae.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...