Most recently, Alix worked at now
defunct Bear Stearns, where he was chief risk officer from 2006 to
2008 and global head of credit risk management from 1996 to 2006. He
spent eight years at Merrill Lynch & Co., where he was a director,
Asia chief credit officer and a vice president, head of North America
financial institutions credit. He began his career with the Irving
Trust Co., serving as an assistant vice president and lending officer.
In related Fed news, distressed investing specialist Wilbur Ross, CEO of WL Ross & Co., told CNBC that the
first priority of our next president
should be to elect a treasury secretary. He suggested N.Y. Fed President
Timothy Geithner would be a likely candidate. CNBC reported that Ross
said, "I think we're on very treacherous ground right now, and I hope
the new administration isn't going to wait anything like 79 days until
inauguration to get going." -
Baz Hiralal
Comments
Former Bear Stearns Cos. chief risk officer Michael Alix was named a senior vice president
in the bank supervision group of the Federal Reserve Bank of New York.
He is a senior adviser to William Rutledge, executive vice president,
bank supervision group.
This has got to be a joke, right? The guy who sank Bear Stearns, now on the federal payroll?