Michael J. Alix, formerly chief risk officer of the former Bear Stearns, was named senior vice president in the bank supervision group of the Federal Reserve Bank of New York. The appointment drew critical media coverage and some public outrage since Bear Stearns was the first investment bank to fail in the financial crisis and was pushed into a bargain-basement deal with JP Morgan Chase by the Fed last March. Alix, will serve as a senior adviser to executive vice president and management committee member William L. Rutledge. Bear's chief risk officer from 2006 to 2008, Alix was managing director and global head of credit risk management from 1996 to 2006, and previously served eight years at Merrill Lynch.

Ray Carney moves up to vice president, controller and chief accounting officer at Dresser-Rand Group Inc., the $1.7 billion, Houston-based equipment component maker for gas compressors, wind turbines and drilling drives. Carney joined the company in August as controller and has been working with his predecessor Lonnie A. Arnett, 62, who is retiring, to transition responsibilities. Previously, Carney was a group controller for Alcoa.

David E. Mangum is the new executive vice president and CFO at Global Payments Inc., the $1.3 billion, Atlanta-based electronic transaction processing services provider. Mangum, 42, replaces Joseph C. Hyde, 34, who becomes president of international operations. Most recently, Mangum was executive vice president and CFO at CheckFree from July 2000 to December 2007, when it was acquired by Fiserv. Mangum joined CheckFree in September 1999 as senior vice president of finance and accounting, after holding that position at the managed systems division of Sterling Commerce.

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