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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.

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