Ultimately, it starts with the people. Afterall, any institution is ultimately only as strong as its people. It is this fact that has given us the rise and fall of so many great companies through history and more specifically in the last 20 years. This week ING took an important step, appointing Steven van Rijswijk to CEO. He previously served as CRO and brings a new mindset to the equation and one that may serve as a harbinger of things to come. To wit, Sigma reported on Facebook’s Libra naming Stuart Levey and Bob Werner as CEO and General Counsel respectively. Both are long-time risk executives, having served previously in both government and the private sector.
Hopefully we will see more of this and will also see the adoption of technology to increasingly “get-in-front” of risk. Time will tell, but one thing is certain: times have changed.
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