New York Fed hires Bear Stearns' ex-CRO
The Federal Reserve Bank of New York has hired Michael Alix, previously chief risk officer at Bear Stearns, as a senior vice-president in the bank supervision group.
At Bear Stearns, Alix served as chief risk officer from 2006 to 2008 and global head of credit risk management from 1996-2006.
See also: IMF and Fed plan bailouts for emerging markets
Fed promises $540 billion boost for money markets
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