Bank of America appoints head of Audit for Europe
LONDON - Bank of America has announced the appointment
of Robert Croft as
head of Audit for Europe, Middle East and Africa (EMEA).
Croft joins Bank of America after three years as
an internal audit
consultant. Prior to this he was head of NatWest's global Wholesale
Market
Audit group where he helped change the company's risk management
and control
culture. Before joining NatWest, Croft spent nine years at Morgan
Stanley
in both London and New York. In London, he established their internal
audit
function across Europe. In New York, he headed the financial audit
team
before returning to London to head all international audits including
Europe, Asia and Australia.
At Bank of America, Croft will be responsible for
providing Corporate Audit
services for EMEA operating entities and branch offices. He will
co-ordinate his activities closely with the other members of the
Global
Corporate and Investment Banking (GCIB) Audit leadership team located
in the
US, who have primary responsibility for the product line audits
globally,
and will also provide Corporate Audit services of the governance
processes
within the region. Croft will report to Richard Roberge, Senior
Audit
Director, GCIB Audit Group, who is based in New York, and to William
Fall,
President, International, Bank of America.
Richard Roberge comments: "The importance of
audit in the current regulatory
environment and the emphasis on strong corporate governance practices
should
not be underestimated. Robert brings invaluable experience to the
Corporate
Audit division and to the EMEA leadership team. I am sure he will
establish
a constructive relationship with his business and risk management
partners."
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